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30 Cards in this Set
- Front
- Back
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Bank Reconciliation Statement |
Accounts for difference between bank statement and book balance of cash |
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Blank Endorsement |
Signature on back of check Transfers ownership without specify who or why |
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Bonding |
Where employees are investigated for insurance against employee theft or mishandling of funds |
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Canceled Check |
Check paid by the bank on which it was drawn |
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Cash |
Currency, coins, checks, money orders and money in the bank |
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Cash Payment Journal |
Special journal used to record cash transactions |
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Cash Receipts Journal |
Special journal used to record and post receipt of cash in transactions |
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Cash Register Proof |
A verification that the money in a cash register matches the cash register audit tape |
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Cash Short or Over Account |
Account to record discrepancies between register and audit tape |
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Check |
Written order instructing bank to pay money to someone |
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Credit Memorandum |
Form explaining any addition, other than a deposit, to a checking account |
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Debit Memorandum |
Form explaining any deduction, other than a check, from a checking account |
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Deposit in Transit |
A deposit that is recorded in the cash receipts journal, but reaches the bank too late to be shown in the bank statment |
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Deposit Slip |
A form to record the deposit to a bank account |
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Dishonored (NSF) check |
Check returned unpaid because of insufficient funds |
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Drawee |
The bank on which a check is written |
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Drawer |
The person using the check |
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Endorsement |
Written authorization that transfers ownership of a check |
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Full endorsement |
Signature transferring a check to a specific person, firm or bank |
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Negotiable |
Financial instrument whose ownership can be transferred to another person or business |
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Outstanding Checks |
Checks that have been recorded in the cash payments journal, but not paid by the bank |
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Payee |
Person or firm to whom the check is payable |
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Petty Cash Analysis Sheet |
A form used to record transactions using petty cash |
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Petty Cash Fund |
Special-purpose fund used to handle payments involving small amounts of money |
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Petty cash voucher |
A form used to record the payments made from a petty cash fund |
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Postdated Check |
A check dated sometime in the future |
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Promissory Note |
A written promise to pay an amount of money on a specific date |
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Restrictive Endorsement |
A signature that transfers a check to a specific party for a stated purpose |
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Service Charge |
A fee charged by a bank for maintaining accounts and providing services |
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Statement of Account |
A form sent to a firm's customers showing transactions during the month and the balances owed. |
