| A | B |
|---|
| Internal Controls | Procedures within the business that are designed to protect cash and other assets |
| External Controls | Measures and procedures provided outside the business to protect cash and other assets |
| Checking account | allows a person or business to deposit cash in a bank and to write checks against the account balance. |
| Check | A written order from a depositor telling the bank to pay a stated amount of cash to the person or business named on the check. |
| Depositor | A person or business that has cash on deposit in a bank. |
| Signature card | A card a business owner fills out to deposit cash in a bank. |
| Deposit slip | A bank form listing the cash and checks to be deposited. |
| Endorsement | An authorized signature written or stamped on the back of a check that transfers ownership of a check. |
| bank endorsement | The signature or stamp of the depositor. |
| Special endorsement | Transfers ownership to a specific owner that limits/restrictions how a check may be handled. |
| Payee | The person or business to which a check is written |
| Drawer | The person who signs a check. |
| Drawee | The bannk on which the check is written. |
| Bank statement | An itemized record of all transactions in a depositor's account over a given period. |
| Bank service charge | Fees banks charge customers for maintaining bank records |
| NSF check | A check returned to the depositor by the bank because the drawer's checking account does not have funds to cover it. |
