Explain the meaning of the following terms: a. Canceled check b. Outstanding check c. Deposit in transit

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Explain the meaning of the following terms:
a. Canceled check
b. Outstanding check
c. Deposit in transit
d. Debit memorandum
e. Credit memorandum
f. Dishonored check
g. Blank endorsement
h. Deposit slip
i. Drawee
j. Restrictive endorsement
k. Payee
l. Drawer
m. Service charge
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College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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