Unit 3: Cash Control and Banking Procedures
1. Automated teller machine (ATM) – electronic machine from which cash deposits and withdrawals can be made
2. Bank reconciliation – bringing into agreement a bank statement with a party's cash account records
3. Bank statement – a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
4. Blank endorsement – an endorsement that consists only of the endorser's signature on the back of a check
5. Checking account – a bank account from which payments can be ordered by a depositor
6. Debit card – a bank card that automatically deducts the amount of the purchase from the checking account of the cardholder
7. Deposit slip – a form prepared for the placement of cash (coins, bills, checks) into a checking account
8. Dishonored check – a check that a bank refuses to pay
9. Electronic funds transfer (EFT) – the use of a computer and telecommunications network to transfer funds from one party to another
10. Petty cash – a system established by a business that keeps a small amount of cash on hand for making small payments
11. Restrictive endorsement – an endorsement found on the back of a check restricting further transfer of a check's ownership
12. Special endorsement – an endorsement indicating a new owner of a check; also known as an endorsement in full
1. Automated teller machine (ATM) – electronic machine from which cash deposits and withdrawals can be made
2. Bank reconciliation – bringing into agreement a bank statement with a party's cash account records
3. Bank statement – a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
4. Blank endorsement – an endorsement that consists only of the endorser's signature on the back of a check
5. Checking account – a bank account from which payments can be ordered by a depositor
6. Debit card – a bank card that automatically deducts the amount of the purchase from the checking account of the cardholder
7. Deposit slip – a form prepared for the placement of cash (coins, bills, checks) into a checking account
8. Dishonored check – a check that a bank refuses to pay
9. Electronic funds transfer (EFT) – the use of a computer and telecommunications network to transfer funds from one party to another
10. Petty cash – a system established by a business that keeps a small amount of cash on hand for making small payments
11. Restrictive endorsement – an endorsement found on the back of a check restricting further transfer of a check's ownership
12. Special endorsement – an endorsement indicating a new owner of a check; also known as an endorsement in full