Question

Match the terms in Column I with the definitions in Column II.

a signature card
endorsement
a deposit slip
an ABA number
protecting cash

A. cash deposit
B. transfer
C. identifies the bank
D. internal controls
E. authorized signature

Answer 1

Answer: The answer is as follows:

Explanation:

(1) A signature card - Authorized signature

A signature card contains the signature of the person who is authorized to write check.

(2) Endorsement - Transfer

An authorized signature written on the back of the check to transfer the ownership of check.

(3) A deposit slip - Cash deposit

A deposit slip refers to a slip that a depositor received after depositing the cash.

(4) An ABA number - Identifies the bank

ABA number is a number that is used by the banks to identify the financial institutions.

(5) Protecting cash - Internal controls

Internal controls refers to the procedure that is followed by the businesses to protect cash and keep reliable records.