checks that have been written but have not been cashed or deposited by the payee outstanding deposits cash that has been recorded by the business or person but has not yet gone through the bank blank endorsement An endorsement consisting only of the endorser’s signature.
checks that have been written but have not been cashed or deposited by the payee
outstanding deposits
cash that has been recorded by the business or person but has not yet gone through the bank
blank endorsement
An endorsement consisting only of the endorser’s signature.
canceled check
A check which has been paid by the bank.
Cash Over
A petty cash on hand amount that is more than a recorded amount.
Cash Short
A petty cash on hand amount that is less than a recorded amount.
Deposit Slip
A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.
NSF Check
A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
Voided Check
A check that cannot be processed because the maker has made it invalid
Fiscal Period
The length of time for which a business summarizes and reports financial information.
Work Sheet
A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
Trial Balance
A proof of the equality of debits and credits in a general ledger.
Adjustments
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
Balance Sheet
A financial statement that reports assets, liabilities, and owner’s equity on a specific date.
Income Statement
A financial instrument showing the revenue and expenses for a fiscal period.
Net Income
The difference between total revenue and total expenses when total revenue is greater.
Net Loss
The difference between total revenue and total expenses when total expenses is greater.
Accounting Cycle
A series of business activities.
Source Document
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
