When Preparing a Bank Reconciliation, Several Terms Are Used, Which

question 60

Essay

When preparing a bank reconciliation, several terms are used, which are listed below. Following the list is a series of definitions.
a. bank collections
b. bank reconciliation
c. bank statement
d. check
e. deposits in transit
f. electronic fund transfer
g. nonsufficient funds check
h. outstanding checks
_____ 1. Document showing the beginning and ending balances of a particular bank account listing the month's transactions that affected the account.
_____ 2. A check issued by the company and recorded on its books but not yet paid by the bank.
_____ 3. System that transfers cash by electronic communication rather than by paper documents.
_____ 4. Document instructing a bank to pay the designated person or business the specified amount of money.
_____ 5. Collection of money by the bank on behalf of a depositor.
_____ 6. A deposit recorded by the company but not yet by its bank.
_____ 7. A document explaining the reasons for the difference between a depositor's records and the bank's records about the depositor's cash.
_____ 8. A check for which the payer's bank account has insufficient money to pay the check.
REQUIRED: Match each term with its appropriate definition.

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Definitions:

Hypothalamus

A region of the forebrain below the thalamus that coordinates both autonomic nervous system and pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems, and involved in sleep and emotional activity.

Thalamus

A brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, playing a key role in processing sensory information.

Reticular Formation

A network of neurons located in the brainstem that plays a key role in controlling arousal and alertness.

Midbrain

A central part of the brainstem that plays an important role in visual and auditory processing and motor control.