10. Areport of deposits withdrawals, and bank balances sent to a depositor by a bank 11. An amount of cash kept on hand and used for making small payments. 12. Abank form listing the checks, currency, and coins that an account holder is adding to the bank account. 13. An endorsement restricting further transfer of a check's ownership. 14. Apetty cash on hand amount that is less than the recorded amount. 15. Acheck that has been paid by the bank. 16. Acheck that cannot be processed because the maker has made it invalid. 17. Acheck dishonored by the bank because of insufficient funds in the account of the maker of the check. 18. An endorsement indicating a new owner of a check __

Question

10. Areport of deposits withdrawals, and bank balances sent to a depositor by a bank 11. An amount of cash kept on hand and used for making small payments. 12. Abank form listing the checks, currency, and coins that an account holder is adding to the bank account. 13. An endorsement restricting further transfer of a check's ownership. 14. Apetty cash on hand amount that is less than the recorded amount. 15. Acheck that has been paid by the bank. 16. Acheck that cannot be processed because the maker has made it invalid. 17. Acheck dishonored by the bank because of insufficient funds in the account of the maker of the check. 18. An endorsement indicating a new owner of a check __

Answer 1

10. Bank statement11. Petty cash12. Deposit slip13. Restrictive endorsement14. Petty cash shortage15. Cleared check16. Stale check17. Bounced check18. Endorsement

Answer 2

## Step1The problem involves understanding various banking and financial terms. Each term is defined based on its role in banking and finance.## Step2The term "Bank statement" refers to a report sent by a bank to its depositor, detailing all transactions in the account, including deposits, withdrawals, and the current balance.## Step3"Petty cash" is a small amount of cash that is kept on hand to cover minor cash needs, such as small payments.## Step4A "Deposit slip" is a form provided by a bank for a customer to fill out, listing the checks, currency, and coins they are depositing into their account.## Step5"Restrictive endorsement" is a security feature that restricts the further transfer of a check's ownership, typically by writing "For Deposit Only" followed by the payee's name on the back of the check.## Step6"Petty cash shortage" occurs when the actual amount of petty cash on hand is less than the recorded amount.## Step7A "Cleared check" is one that has been processed by the bank, meaning the bank has deducted the amount from the check writer's account and added it to the payee's account.## Step8A "Stale check" is one that is presented for payment after a long period, typically six months or more, and the bank refuses to honor it because the maker's account is no longer active or has insufficient funds.## Step9A "Bounced check" is one that the bank returns due to insufficient funds in the account of the person who wrote the check.## Step10An "Endorsement" is a signature on the back of a check that transfers the check's ownership to another person. It can be a blank endorsement, restrictive endorsement, or special endorsement.

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