ACC 296 Lecture Notes - Lecture 1: Electronic Funds Transfer, Petty Cash, Debit Card
An accounting worker who processes routine details about accounting transactions.
Voided check
A check that cannot be processed because the maker has made it invalid.
Special endorsement
An endorsement indicating a new owner of a check.
Restrictive endorsement
An endorsement restricting further transfer of a check's ownership.
Postdated check
A check with a future date on it.
Petty cash slip
A form showing proof of a petty cash payment.
Petty cash
An amount of cash kept on hand and used for making small payments.
Non-sufficient funds check (NSF Check)
A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
Endorsement
A signature or stamp on the back of a check transferring ownership.
Electronic funds transfer (EFT)
A computerized cash payments system that transfers funds without the use of checks, currency, or other
paper documents.
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Document Summary
An accounting worker who processes routine details about accounting transactions. A check that cannot be processed because the maker has made it invalid. An endorsement indicating a new owner of a check. An endorsement restricting further transfer of a check"s ownership. A check with a future date on it. A form showing proof of a petty cash payment. An amount of cash kept on hand and used for making small payments. A check dishonored by the bank because of insufficient funds in the account of the maker of the check. A signature or stamp on the back of a check transferring ownership. A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. A check that a bank refuses to pay. A bank form which lists the checks, currency, and coins an account holder is adding to a bank account.
