TAILIEUCHUNG - Lecture Accounting fundamentas (7e): Chapter 24 - Curran

Chapter 24 - Banking procedures. After completing this chapter, students will be able to: Open and use a checking account, endorse checks, prepare deposit slips, complete check stubs and write checks, reconcile the bank statement. | CHAPTER TWENTY FOUR BANKING PROCEDURES 1. Open and use a checking account. 2. Endorse checks. 3. Prepare deposit slips. 4. Complete check stubs and write checks. 5. Reconcile the bank statement. BANKING PROCEDURES Objectives: 24- Opening a Checking Account The owner of a new business should open a checking account. Banks require signature cards to be completed and will accept a deposit to open the account. 24- Making Bank Deposits Bank deposits should be made often to protect cash receipts. Deposits must be prepared properly. 24- Making Bank Deposits (continued) Coins and currency should be counted and wrapped. Checks and money orders must be endorsed. 24- Writing Checks A check gives authorization for the bank to pay a stated amount of money from the business’s account. The information about the checks is recorded in the check register or on the check stub. 24- Writing Checks (continued) Checks should be numbered consecutively. The check register or check stub

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• Banking procedures
• Deposit slips
• Check stubs
• Trial balance
• Accounting errors
• Accounting terminology
• Accounting for purchases
• Purchases discounts
• Freight in
• Accounting equation
• Balance sheet
• Principles of accounting
• Analyze business transactions
• Net income
• The worksheet
• Financial statements
• Business transactions
• Closing the ledger
• Closing entries
• Postclosing trial balance
• Accounting cycle
• Accounting for sales
• Sales discounts
• Sales returns
• Purchases journal
• Recording transactions
• Worksheet adjustments
• Uncollectible accounts
• Owner’s equity accounts
• Form of accounts
• Account balances
• Expense accounts
• Recording revenue
• Transaction analysis
• Income statement
• General journal
• Chart of accounts
• Business’s transactions
• General ledger
• Posting reference
• Correcting errors
• Merchandising businesses
• Charge account
• Cash discount
• Unpaid invoice file
• Purchases returns
• The sales journal
• Special journal
• Cash receipts journal
• Memorandum entry
• Cash payments journal
• Cash purchases
• Accounts receivable ledger
• Accounts receivable
• Statement of account
• Accounts payable ledger
• Schedule of accounts payable
• Notes payable
• Goods sold
• Cost of goods sold
• Ten column worksheet
• Classified balance sheet
• Adjusting entries