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24 January, 08:07

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

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Answers (1)
  1. 24 January, 09:08
    0
    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.
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