| A | B |
|---|
| checking account | a bank account from which payments can be ordered by a depositor |
| endorsement | a signature or stamp on the back of a check transferring ownership |
| blank endorsement | an endorsement consisting only of the endorser's signature |
| special endorsement | an endorsement indicating a new owner of a check |
| restrictive endorsement | an endorsement restricting further transfer of a check's ownership |
| postdated check | a check with a future date on it |
| bank statement | a report of deposits, withdrawals, and bank balances sent to a depositor by a bank |
| dishonored check | a check that a bank refuses to pay |
| electronic funds transfer | a computerized cash payments sytem that uses eletronic impulses to transfer funds |
| debit card | a bank card that, when making purchases automatically deducts the amount of the purchase from the checking account of the cardholder |
| petty cash | an amount of cash kept on hand and used for making small payments |
| petty cash slip | a form showing proof of a petty cash payment |
| fiscal period | the length of time for which a business summarizes and reports financial information |
| work sheet | a columnar accounting form used to summarize the general ledger information needed to prepare financial statements |
| trail balance | a proof of the equality of debits and credit in a general ledger |
| adjustments | changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period |
| income statement | a financial statement showing the revenue and expenses for a fiscal period |
| net income | the difference between total revenue and total expenses when total revenue is greater |
| net loss | the difference between total revenue and total expenses when total expenses is greater |
