Error in writing a check is marked:

Accounting - Ch. 11-1 Cash Controls & Banking Vocab

Flashcard
•
Business
•
10th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
VOID
2.
FLASHCARD QUESTION
Front
Person who signs a check:
Back
Drawer
3.
FLASHCARD QUESTION
Front
Bank on which the check is written:
Back
Drawee
4.
FLASHCARD QUESTION
Front
A person or business to which a check is written
Back
Payee
5.
FLASHCARD QUESTION
Front
Type of endorsement that transfers check ownership to a specific person or business, but can be transferred again.
Back
Special Endorsement
6.
FLASHCARD QUESTION
Front
Type of endorsement that transfers check ownership to a specific owner and restricts handling after transfer.
Back
Restrictive Endorsement
7.
FLASHCARD QUESTION
Front
Type of endorsement with only depositor's signature or stamp; least secure.
Back
Blank Endorsement
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