Accounting Chapter 5

Flashcard
•
Business
•
10th - 12th Grade
•
Hard
Wayground Content
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24 questions
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1.
FLASHCARD QUESTION
Front
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
Back
Bank Statement
2.
FLASHCARD QUESTION
Front
An endorsement consisting of only the endorser's signature.
Back
Blank Endorsement
3.
FLASHCARD QUESTION
Front
An endorsement indicating a new owner of a check.
Back
Special Endorsement
4.
FLASHCARD QUESTION
Front
An endorsement restricting further transfer of a check's ownership.
Back
Restrictive Endorsement
5.
FLASHCARD QUESTION
Front
A check that contains errors must be marked with the word VOID so that others will know that it is not to be used.
Back
True
6.
FLASHCARD QUESTION
Front
The source document for a debit card purchase is a memorandum.
Back
True
7.
FLASHCARD QUESTION
Front
The source document for an electronic funds transfer is a memorandum.
Back
True
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