Trivia Jeopardy

Jeopardy Accounting Chapter 5Completion$100$200$300$400$500Multiple Choice$100$200$300$400$500Completion$100$200$300$400$500Multiple Choice$100$200$300$400

Final

T/F$100$200$300$400$500

T/F$100$200$300$400$500

MainNew QuestionAnswerAnswer1What is a debit card?MainNew QuestionAnswerAnswer3What is a checking account?MainNew QuestionAnswerAnswer5What is dishonored check?MainNew QuestionAnswerAnswer7A bank account from which payment can be ordered by a depositor.MainNew QuestionAnswerAnswer4A check that a bank refuses to pay.MainNew QuestionAnswerAnswer6A computerized cash payment system that transfers funds without the use of check, currency, or other paper documents.MainNew QuestionAnswerAnswer8What is a restrictive endorsement?MainNew QuestionAnswerAnswer11A lost check with a blank endorsement on it can be cashed by:A. anyone who has the check.B. only the person whose name follows the words Pay to the order of.C. only the person who endorsed the check.D. no one.MainNew QuestionAnswerAnswer12What is A. anyone who has the check. ?MainNew QuestionAnswerAnswer13If any kind of error is made in preparing a checkA. a new check should be writtenB. VOID should be written on the check stubC. VOID should be written on the check.D. all of theseMainNew QuestionAnswerAnswer14What is D. all of these?MainNew QuestionAnswerAnswer15The entry to establish a $200.00 petty cash fund is:A. debit Cash, $200; credit Petty cash, $200B. debit Misc. Expense, $200; credit Cash $200C. debit Petty Cash, $200; credit Cash, $200D. debit Petty Cash, $200; credit Misc. Expense $200MainNew QuestionAnswerAnswer20A check with a future date on it.MainNew QuestionAnswerAnswer22An amount of cash kept on hand and used for making small purchases.MainNew QuestionAnswerAnswer24A form showing proof of a petty cash payment.MainNew QuestionAnswerAnswer26A signature or stamp on the back of a check transferring ownership.MainNew QuestionAnswerAnswer28A signature or stamp on the back of a check transferring ownership.MainNew QuestionAnswerAnswer30An endorsement consisting only of the endorsers signature.MainNew QuestionAnswerAnswer32A petty cash fund is always replenishedA. dailyB. weeklyC. at the end of the month D. none of theseMainNew QuestionAnswerAnswer34An endorsement on the back of a check consisting of the words Pay to the order of and a new check owners name is a A. blank endorsementB. special endorsementC. restrictive endorsementD. signature endorsementMainNew QuestionAnswerAnswer36An endorsement on the back of a check indicating that the check is to be accepted for deposit only is A. blank endorsementB. special endorsementC. restrictive endorsementD. signature endorsementMainNew QuestionAnswerAnswer38In order to control cash, one common method is to ensure that cash payments are paid by pre-numbered checks.MainNew QuestionAnswerAnswerOwnership of a check cannot be transferred.MainNew QuestionAnswerAnswerVoided checks should be recorded in the journal.MainNew QuestionAnswerAnswerThe petty cash fund is a liability with a normal debit balance.MainNew QuestionAnswerAnswerA check with a blank endorsement can be cashed by anyone who has the checkMainNew QuestionAnswerAnswerAn outstanding check is one that has been issued but not yet reported on a bank statement by the bank.MainNew QuestionAnswerAnswerThe source document for an electronic funds transfer is a memorandum.MainNew QuestionAnswerAnswerWhat is C. at the end of the month?MainNew QuestionAnswerAnswer35What is B. a special endorsement?MainNew QuestionAnswerAnswer37What is C. restrictive endorsement?MainNew QuestionAnswerAnswer39The bank statement shows a checking account balance of $5,500. There are outstanding checks totaling $600.00, an outstanding deposit of $400.00, and a bank service charge of $15.00. The Cash account balance should beA. $5300B. $5700C. $5285D. None of theseMainNew QuestionAnswerAnswer40What is A. $5300?MainNew QuestionAnswerAnswer41What is True?MainNew QuestionAnswerAnswerWhat is False?MainNew QuestionAnswerAnswerWhat is True?MainNew QuestionAnswerAnswerWhat is False? MainNew QuestionAnswerAnswerWhen the petty cash is replenished, Petty Cash is debited and Cash is credited.MainNew QuestionAnswerAnswerWhat is False?MainNew QuestionAnswerAnswerWhen the petty cash fund is replenished, the balance of the petty cash account increases.MainNew QuestionAnswerAnswerWhat is False?MainNew QuestionAnswerAnswerAs petty cash is paid out, the balance of the petty cash account decreases.MainNew QuestionAnswerAnswerWhat is False?MainNew QuestionAnswerAnswerWhat is True?MainNew QuestionAnswerAnswerWhat is True?MainNew QuestionAnswerAnswerWhat is True?MainNew QuestionAnswerAnswer