Match the Accounting Terms with the Description by Entering the Proper

question 46

Essay

Match the accounting terms with the description by entering the proper letter in the space provided.
A. Bank reconciliation statement P. Drawee
B. Blank endorsement Q. Drawer
C. Bonding R. Endorsement
D. Canceled check S. Full endorsement
E. Cash T. Negotiable
F. Cash payments journal U. Outstanding checks
G. Cash receipts journal V. Payee
H. Cash register proof W. Petty cash analysis sheet
I. Cash Short or Over account X. Petty cash fund
J. Check Y. Petty cash voucher
K. Credit memorandum Z. Postdated check
L. Debit memorandum AA. Promissory note
M. Deposit in transit BB. Restrictive endorsement
N. Deposit slip CC. Service charge
O. Dishonored check DD. Statement of account
________ 1. A check paid by the bank on which it was drawn
________ 2. The process by which employees are investigated by an insurance company that will insure the business against losses through employee theft or mishandling of funds
________ 3. A special journal used to record and post transactions involving the receipt of cash
________ 4. A check dated sometime in the future
________ 5. A form sent to a firm's customers showing transactions during the month and the balance owed
6. A form used to record transactions involving petty cash
________ 7. A written authorization that transfers ownership of a check
________ 8. A special journal used to record transactions involving the payment of cash
________ 9. A written promise to pay a specified amount of money on a specific date
________ 10. A verification that the amount of currency and coins in a cash register agrees with the amount shown on the cash register audit tape
________ 11 The person or firm issuing a check
________ 12 A form used to record the payments made from a petty cash fund
13. An account used to record any discrepancies between the amount of currency and coins in the cash register and the amount shown on the audit tape
________ 14. The person or firm to whom a check is payable
________ 15. A written order signed by an authorized person instructing a bank to pay a specific sum of money to a designated person or business