List of Words for Chapter 6

• Checking account• Endorsement• Blank endorsement• Special endorsement• Restrictive endorsement• Postdated check• Bank statement• Dishonored check• Electronic funds transfer• Debit card• Petty cash• Petty cash slip

A bank account from A bank account from which payments can which payments can be ordered by a be ordered by a depositordepositor

A signature or stamp A signature or stamp on the back of a on the back of a check transferring check transferring ownershipownership

An endorsement consisting An endorsement consisting only of the endorser’s only of the endorser’s signaturesignature

An endorsement An endorsement indicating a new indicating a new owner of a checkowner of a check

An endorsement restricting An endorsement restricting further transfer of a further transfer of a check’s ownershipcheck’s ownership

A check with a future A check with a future date on it date on it

A report of deposits, A report of deposits, withdrawals, and bank balances withdrawals, and bank balances sent to a depositor by a banksent to a depositor by a bank

A check that a bank refuses to payA check that a bank refuses to pay

A computerized cash payments A computerized cash payments system that uses electronic system that uses electronic impulses to transfer fundsimpulses to transfer funds

A bank card that, when making A bank card that, when making purchases, automatically deducts purchases, automatically deducts the amount of the purchase from the amount of the purchase from the checking account of the the checking account of the cardholdercardholder

An amount of cash kept on An amount of cash kept on hand and used for making hand and used for making small paymentssmall payments

A form showing proof of a A form showing proof of a petty cash paymentpetty cash payment

List of Words for Chapter 7

• Fiscal period

• Work sheet

• Trial balance

• Adjustments

• Income statement

• Net income

• Net loss

The length of time for which a The length of time for which a business summarizes and business summarizes and reports financial info.reports financial info.

A columnar accounting form used to A columnar accounting form used to summarize the general ledger summarize the general ledger information needed to prepare information needed to prepare financial statementsfinancial statements

A proof of the equality of debits A proof of the equality of debits and credits in a general ledgerand credits in a general ledger

Changes recorded on a work sheet Changes recorded on a work sheet to update general ledger accounts to update general ledger accounts at the end of a fiscal periodat the end of a fiscal period

A financial statement showing the A financial statement showing the revenue and expenses for a fiscal revenue and expenses for a fiscal period period

The difference between total revenue and total The difference between total revenue and total expenses when total revenue is greaterexpenses when total revenue is greater

The difference between total The difference between total revenue and total expenses revenue and total expenses when total expenses is greaterwhen total expenses is greater