| A | B |
|---|
| Internal Controls | Steps business itself takes to protect cash. |
| External Controls | Measures and procedures provided outside the business to protect cash. |
| Checking Account | Allows a person or business to deposit cash in a bank and write checks. |
| Check | Written order from a depositor telling the bank to pay. |
| Depositor | Person or business named on the check. |
| Deposit Slip | Bank form listing the cash and checks to be deposited. |
| Endorsement | An authorized signature written or stamped on the back of a check. |
| Restrictive Endorsement | Limits how a check may be handled, like "For Deposit Only" |
| Payee | Person or business to whom a check is written. |
| Drawer | Person who signs the check. |
| Drawee | Bank on which the check is written. |
| Canceled Checks | Checks paid by the bank and deducted form the depositor's account. |
| Outstanding Checks | Checks written yet not yet presented to the bank for payment. |
| Outstanding Deposits | Deposits that have been made and recorded in the checkbook but do not appear on the bank statement. |
| Bank Service Charge | Fee the bank charges for maintaining bank records and processing items for the depositor. |
| Stop Payment Order | Demand by the drawer that the bank not honor a certain check. |
| NSF Check | Check returned to the depositor by the bank becuase there are not sufficient funds to cover the check. |
