Select the banking terms from drop down to match with the correct definition. Definitions Banking Terms a. A check that has been paid by the bank on behalf of the depositor. select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement b. A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another. select a banking term EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker c. A document provided by the bank that requires the signature of all authorized signers of checks.
Select the banking terms from drop down to match with the correct definition. Definitions Banking Terms a. A check that has been paid by the bank on behalf of the depositor. select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement b. A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another. select a banking term EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker c. A document provided by the bank that requires the signature of all authorized signers of checks.
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....
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Question
Select the banking terms from drop down to match with the correct definition.
Definitions
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Banking Terms
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---|---|---|---|---|
a. |
A check that has been paid by the bank on behalf of the depositor.
|
select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement | ||
b. |
A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another.
|
select a banking term EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker | ||
c. |
A document provided by the bank that requires the signature of all authorized signers of checks.
|
select a banking term Debit memorandumCredit memorandumCheckCanceled checkSignature cardBank statementAutomated teller machine (ATM)PayeeDeposit slipDepositorMakerElectronic funds transfer (EFT)EndorsementPayer | ||
d. |
A document provided by the bank which depositors use to list all deposits (including cash and checks) made into a checking account.
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select a banking term EndorsementElectronic funds transfer (EFT)Automated teller machine (ATM)Deposit slipMakerPayerBank statementCheckCanceled checkDepositorCredit memorandumSignature cardPayeeDebit memorandum | ||
e. |
A machine that allows a depositor to make transactions such as deposits and withdrawals.
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select a banking term Credit memorandumAutomated teller machine (ATM)Canceled checkDepositorBank statementPayeeDebit memorandumPayerElectronic funds transfer (EFT)Deposit slipSignature cardMakerCheckEndorsement | ||
f. |
A monthly statement from the bank that shows the depositor’s bank transactions and balances.
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select a banking term Automated teller machine (ATM)Canceled checkBank statementElectronic funds transfer (EFT)Signature cardCheckCredit memorandumPayeeDebit memorandumPayerMakerDeposit slipEndorsementDepositor | ||
g. |
A written order signed by a bank depositor, directing the bank to pay a specifi ed sum of money to a designated recipient.
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select a banking term PayeeSignature cardCheckPayerCredit memorandumDebit memorandumElectronic funds transfer (EFT)DepositorCanceled checkMakerDeposit slipBank statementEndorsementAutomated teller machine (ATM) | ||
h. |
Amounts that are added to a depositor’s account.
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select a banking term Automated teller machine (ATM)Electronic funds transfer (EFT)Signature cardBank statementDebit memorandumCanceled checkCheckDepositorPayeeMakerPayerEndorsementCredit memorandumDeposit slip | ||
i. |
Amounts that are deducted from a depositor’s account.
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select a banking term Automated teller machine (ATM)EndorsementElectronic funds transfer (EFT)PayerBank statementMakerCredit memorandumDeposit slipDepositorCheckPayeeSignature cardDebit memorandumCanceled check | ||
j. |
The bank on which the check is drawn (also referred to as the drawee).
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select a banking term Credit memorandumElectronic funds transfer (EFT)Canceled checkAutomated teller machine (ATM)Debit memorandumBank statementPayerPayeeDeposit slipSignature cardCheckEndorsementMakerDepositor | ||
k. |
The depositor writes or stamps his name on the back of the check for deposit.
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select a banking term Credit memorandumDeposit slipEndorsementCheckSignature cardBank statementAutomated teller machine (ATM)Electronic funds transfer (EFT)Debit memorandumDepositorPayerMakerPayeeCanceled check | ||
l. |
The entity (company or person) to whom the check is payable.
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select a banking term MakerAutomated teller machine (ATM)Signature cardCheckPayeeDeposit slipPayerEndorsementDebit memorandumCredit memorandumElectronic funds transfer (EFT)Bank statementDepositorCanceled check | ||
m. |
The issuer of the check (also referred to as the drawer) who directs the bank to pay a specified sum of money to the payee.
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select a banking term PayerCredit memorandumDepositorSignature cardElectronic funds transfer (EFT)PayeeEndorsementAutomated teller machine (ATM)Bank statementMakerDeposit slipCanceled checkCheckDebit memorandum | ||
n. |
The person or company who opens a checking account; a customer of the bank.
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