Homework Help is Here – Start Your Trial Now!
Business
Accounting
Activity I. Multiple Choice Alo alnam Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. ATM card c. Personal Check d. Withdrawal Slip a, b. Passbook

Activity I. Multiple Choice Alo alnam Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. ATM card c. Personal Check d. Withdrawal Slip a, b. Passbook

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 1CE: Match the following words with their definitions by entering the correct number in the spaces below....
See similar textbooks
icon
Related questions
Question
Activity I. Multiple Choice Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. a. ATM card c. Personal Check d. Withdrawal Slip b. Passbook 2. What is the amount of money required to keep your bank account open? a. Maximum Balance c. Minimum Deposit
Transcribed Image Text:Activity I. Multiple Choice Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. a. ATM card c. Personal Check d. Withdrawal Slip b. Passbook 2. What is the amount of money required to keep your bank account open? a. Maximum Balance c. Minimum Deposit
b. Minimum Balance d. Maximum Deposit inad vinuoo2r 3. The amount of money in your bank account. a. Deposit b. Balance c. Peso d. Dollars 4. is the annual percentage paid on an interest-bearing bank account. a. Service Charge c. Service Fee d. Penalty b. Interest rate bolas 5. Money held in this account can be withdrawn thru issuance of a check. a. Savings Account b. ATM c. Time Deposit Certificate d. Checking account 6. It is a type of savings account that is held for a fixed term and can be withdrawn only after the lapse of agreed period. a. Checking Account b. Time Deposit Account 7. The c. ATM d. Savings Account refers to the amount of money in your bank account at a specific moment in time according to your bank. a. Minimum Balance b. Account Balance 8. It intended to provide an incentive for the depositor to save money in which transactions are logged in a small booklet that the depositor keeps. a. Time Deposit Account b. Saving Account 9. The depositor's book in which the bank records the depositor's deposits and c. Service Charge d. Withdrawals c. Current Account d. Bank Draft withdrawals. c. Ledger d. Record Book 10. The money the bank pays for saving your money. a. Passbook b. Checkbook c. Loan d. Penalty a. Interest b. Service fee anoitaofla
Transcribed Image Text:b. Minimum Balance d. Maximum Deposit inad vinuoo2r 3. The amount of money in your bank account. a. Deposit b. Balance c. Peso d. Dollars 4. is the annual percentage paid on an interest-bearing bank account. a. Service Charge c. Service Fee d. Penalty b. Interest rate bolas 5. Money held in this account can be withdrawn thru issuance of a check. a. Savings Account b. ATM c. Time Deposit Certificate d. Checking account 6. It is a type of savings account that is held for a fixed term and can be withdrawn only after the lapse of agreed period. a. Checking Account b. Time Deposit Account 7. The c. ATM d. Savings Account refers to the amount of money in your bank account at a specific moment in time according to your bank. a. Minimum Balance b. Account Balance 8. It intended to provide an incentive for the depositor to save money in which transactions are logged in a small booklet that the depositor keeps. a. Time Deposit Account b. Saving Account 9. The depositor's book in which the bank records the depositor's deposits and c. Service Charge d. Withdrawals c. Current Account d. Bank Draft withdrawals. c. Ledger d. Record Book 10. The money the bank pays for saving your money. a. Passbook b. Checkbook c. Loan d. Penalty a. Interest b. Service fee anoitaofla
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS