5 – Cash Controls Systems

Competencies:

6320: Accounting

  • 10: Demonstrate critical-thinking and problem-solving skills.
  • 53:  Maintain financial records for a service business, using accounting software.
  • 54:  Maintain financial records for a service business, using spreadsheet software.
  • 75:  Reconcile a bank statement.
  • 76:  Journalize banking transactions
  • 77:  Maintain petty cash records
  • 78:  Maintain a checking account.
  • 79: Identify security considerations related to cash control systems
  • 80:  Maintain banking records, using accounting software.
  • 81:  Maintain banking records, using spreadsheet software
  • 101:  Explore career opportunities in accounting.

After studying Chapter 5, in addition to defining key terms, you will be able to:

  • LO1 Record a deposit on a check stub.
  • LO2 Endorse checks using blank, special, and restrictive endorsements.
  • LO3 Prepare a check stub and a check.
  • LO4 Complete a bank statement reconciliation.
  • LO5 Record and journalize a bank service charge.
  • LO6 Complete recordkeeping for a dishonored check.
  • LO7 Journalize an electronic funds transfer.
  • LO8 Journalize a debit card transaction.
  • LO9 Establish a petty cash fund.
  • LO10 Prepare a petty cash report.
  • LO11 Replenish a petty cash fund.

Chapter 5 Accounting Text

Chapter 5 Vocabulary Acct

Chapter 5 Vocabulary Acct

Chapter 5 mastery etc wkprs

Chapter 5 study guide

Section 1:

Section 2:

Section 3:

Section 4: