Banking Terminology Quiz

(a)   allows the conversion of a paper check to an electronic image that can be processed quickly.

(a)   are checks paid by the bank and deducted from the depositor’s account.

_____ are checks that have been written but have not yet presented to the bank for payment.

_____ are deposits that have been made and recorded in the checkbook but that do not appear on the bank statement.

_____ are procedures within the business that are designed to protect cash and other assets and to keep reliable records.

_____ are the outside controls a business can use to protect its cash and other assets.

(a)   is an increase in a depositor’s balance.

(a)   is the decrease in a depositor’s balance.

_____ is the process of determining any differences between the bank statement balance and the checkbook balance.

A _____ is a form prepared by the petty cashier to request cash for replenishing the petty cash fund.