FREE BUSINESS AND STUDY GAMES ABOUT ACCOUNTING

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FREE BUSINESS AND STUDY GAMES ABOUT ACCOUNTING

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -13 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: a report of deposits, withdrawals, and bank balances sent to a depositor by a bank

Answer:

bank statement

Question 2: a form showing proof of a petty cash payment

Answer:

petty cash slip

Question 3: an endorsement indicating a new owner of a check

Answer:

special endorsement Question 4: a bank card that, when making puchases, automatically deducts the amount of the purchase from the checking account of the cardholder

Answer:

debit card

Question 5: a statement that guides the ethical behavior of a company and its employees

Answer:

code of conduct

Question 6: an amount of cash kept on hand and used for making small payments

Answer:

petty cash Question 7: a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents

Answer:

electronic funds transfer

Question 8: a check with a future date on it

Answer:

postdated check

Question 9: an endorsement consisting only of the endorser's signature

Answer:

blank endorsement

Question 10: A signature or stamp on the back of a check transferring ownership

Answer:

endorsement

Question 11: a bank account from which payments can be ordered by a depositor

Answer:

checking account

Question 12: a check that a bank refuses to pay

Answer:

dishonored check

Question 13: an endorsement restricting further transfer of a check's ownership

Answer:

restrictive endorsement