Match the terms below with the correct definitions.
-Cash fund used for making small, immediate cash payments

Question

Quizplus · Accepted Answer

A petty cash fund is used for making small, immediate cash payments.

Answer: B
 Bank routing number is a nine-digit code used to identify a financial institution in a transaction.

Answer: C
 Canceled checks are checks that have been paid by the bank and returned to the account holder.

Answer: D
 Positive pay is a service offered by banks to verify the authenticity and accuracy of checks presented for payment.

Answer: E
 Payee is the person or organization to whom a check is written.

Answer: F
 A petty cash payments record is a record of all petty cash transactions.

Answer: G
 A deposit slip is a written or electronic form used to deposit funds into a bank account.

Answer: H
 An endorsement is the signature or stamp on the back of a check that allows it to be cashed or deposited.

Answer: I
 A change fund is a cash fund used to provide employees with change for cash transactions.

Answer: J
 A petty cash voucher is a document used to request reimbursement from a petty cash fund for small expenses.

Match the Terms Below with the Correct Definitions