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RECORD KEEPING Chapter 5 Checking Account Records

Opening a Checking Account
Writing Checks
Keeeping a Checkbook

AB
ABA numberA number assigned to banks.
Forged signatureA name falsely signed by someone else.
Personalized deposit slipA deposit slip on which the depositor's name and address are preprinted.
Signature cardA form used to indicate to the bank which signatures to accept on signed checks.
Individual checking accountUsed by only one person.
Joint checking accountUsed by two or more persons
CheckbookA book of checks.
IssueTo send out.
CheckA written order by the depositor to his or her bank to pay a company or person.
Check stubPart of check kept by depositor.
DrawerWrites the check.
DraweeBank that pays the check.
PayeeReceives check and is paid.
LegibleClear and easy to read.
PostdateTo record a future date on a document.
VoidUnusable.
Check protectorMachine used to write checks.
Insufficient fundsWhen there is not enough money in the checking account to pay a check.
Voucher checkA check with a special stub attached.
VoucherShows the purpose of the check and description of the payment.



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