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Voc. for chapter 6--Bookeeping

Vocabulary words for Chapter 6

AB
checking accounta bank account from which payments can be ordered by a depositor
endorsementa signature or stamp on the back of a check transferring ownership
blank endorsementan endorsement consisting only of the endorser's signature
special endorsementan endorsement indicating a new owner of a check
restrictive endorsementan endorsement restricting further transfer of a check's ownership
postdated checka check with a future date on it
bank statementa report of deposits, withdrawals, and bank balances sent to a depositor by a bank
dishonered checka check that a bank refuses to pay
electronic funds transfera computerized cash payments system that uses electronic impulses to transfer funds
debit carda bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder
petty cashan amount of cash kept on hand and used for making small payments
petty cash slipa form showing proof of a petty cash payment


VA

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