Chapter 19

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Across
  1. 6. Check that is not considered negotiable but can be converted into a negotiable instrument or cash
  2. 7. Owner’s net worth; that is, that which is equal to the assets of the business minus the liabilities of the business; also known as owner’s equity or capital
  3. 9. Bookkeeping entries reflecting money owed (charges); the increase of a patient account balance, an asset, or a business expense, or the decrease of a liability of an owner’s equity
  4. 13. Approval signature on the reverse side of a check that indicates liability for payment of funds disbursed in the case of default or nonpayment
  5. 14. Register for recording all daily business transactions; also known as daybook, daily journal sheet, daily record sheet, or general ledger
  6. 15. Paper money in circulation, issued by the government through an act of law
  7. 16. Removal of funds from a checking account by writing a check or using an ATM; from a savings account, a withdrawal slip may be completed or an ATM may be used
  8. 17. Person named on a draft or check as the recipient of the account shown.
Down
  1. 1. Charge against an account in excess of the account balance.
  2. 2. Receipt stating details (as evidence) of a disbursement of cash. (2) Part of the check that has no negotiable value and that remains in the checkbook after a check is written and removed.
  3. 3. Legal obligations of one person to another, debts.
  4. 4. order Instrument (similar to a check) purchased for face value (plus a fee) at a bank, post office, or other place of business; it is signed by and issued according to the purchaser’s instructions
  5. 5. Funds given to a bank to be credited to an account
  6. 8. Fraudulent signature on document
  7. 10. To record or transfer financial entries, debits or credits, to an account, for example, daysheet, bank deposit slip, or journal.
  8. 11. Act of proving the accuracy of all transactions that have occurred on a checking account by performing mathematical computations and comparing the bank’s records with those of the customer
  9. 12. Party responsible for payment of the amount owed as shown on a check