24940411
Description
Mind Map by MICHELLE MOORE, updated more than 1 year ago
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Created by MICHELLE MOORE
over 4 years ago
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Chapter 4 - Banking
- Checking Account
- Signature Card
- Deposit Ticket
- Increases Account
- Checks or cash deposited into account
- Increases Account
- Checks
- Decreases Account
- Drawee
- One who writes the check
- One who writes the check
- Drawer
- One who writes the check
- One who writes the check
- Payee
- To whom the check is payable
- To whom the check is payable
- Common Endorsements
- Blank Endorsement
- Full Endorsement
- Restrictive Endorsement
- Blank Endorsement
- Decreases Account
- Signature Card
- Bank & Statement Reconciliation
- Checkbook Balance
- Add to Checkbook
- EFT
- Interest Earned
- Notes Collected
- Direct Deposit
- EFT
- Subtract from Checkbook
- ATM Withdrawels
- NSF Check
- Auto Withdrawels
- Online Fees
- Auto Payments
- Overdrafts
- Service Charges
- Stop Payments
- ATM Withdrawels
- Add to Checkbook
- Bank Balance
- Add to Bank Balance
- Deposit in Transit
- Deposit in Transit
- Subtract from Bank Balance
- Outstanding Checks
- Outstanding Checks
- Add to Bank Balance
- Reconciling a Bank Statement
- Step 1 - Identify Outstanding Checks
- Step 2 - Identify the deposits in transit
- Step 3 - Look for transaction not previously recorded
- Step 4 - Check for recording Error
- Step 5 - Compare the adjusted balances of the checkbook and bank statement
- Step 5 - Compare the adjusted balances of the checkbook and bank statement
- Step 4 - Check for recording Error
- Step 3 - Look for transaction not previously recorded
- Step 2 - Identify the deposits in transit
- Step 1 - Identify Outstanding Checks
- Checkbook Balance
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