| A | B |
|---|
| internal controls | procedures to protect cash |
| external controls | procedures outside the business to protect cash |
| checking account | an account to write checks against cash in a bank |
| check | a written order telling the bank to pay a stated amount |
| depositor | a person or business that has cash on deposit in a bank |
| signature card | contains the authorized signatures on the account |
| deposit slip | a bank form listing the cash and checks to be deposited |
| endorsement | an authorized signature that transfers ownership of the check |
| payee | the person or business to whom a check is written |
| drawer | the person who signs a check |
| drawee | the bank on which the check is written |
| bank statement | an itemized record of all transactions in a depositor’s acco |
| canceled checks | checks the bank has paid and deducted from depositor’s account |
| outstanding checks | written checks that have not yet been paid by the bank |
| bank service charge | a fee for the bank charges for maintaining bank records |
| stop payment order | a demand by the drawer that the bank not honor a check |
| postdated check | the check has a future date instead of the actual date |
