Lecture Practical business math procedures (10/e): Chapter 4 - Jeffrey Slater

Chapter 4 - Banking. After reading this chapter, you should have a good understanding of the following learning objectives: Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements; correctly prepare deposit slips and write checks; explain the trends in the banking industry; define and state the purpose of the bank statement; complete a check register and a bank reconciliation; explain the trends in online banking pro and con.

Chapter 4 Banking McGraw­Hill/Irwin ©2011 The McGraw­Hill Companies, All Rights Reserved #4 Banking Learning Unit Objectives The Checking Account LU4.1 Define and state the purpose of signature  cards, checks, deposit slips, check stubs,  check registers, and endorsements Correctly prepare deposit slips, write checks 4­2 #4 Banking Learning Unit Objectives Trends in Banking Industry: Bank Statement LU4.2 and Reconciliation Process; Trends in Online Banking Explain the trends in the banking industry Define and state the purpose of the bank  statement Complete a check register and a bank  reconciliation Explain the trends in online banking pro  4­3 and con Checks/Drafts Written order instructing a bank, credit union, or savings  and loan institution to pay a designated amount of your  money on deposit w/the bank to a person or  organization Drawee­ Bank  ordered to pay Payee ­ To  whom check  is payable 4­4 Drawer ­  One who  writes the  check Deposit Slip ­ Fig 4.1 Gracie’s Natural Superstore 80 Garfield Street Bartlet, NH 01835 March  4 09 Date     20  CASH List Checks Singly 53­7058 1800.00 200.00 USE OTHER SIDE FOR  ADDITIONAL LISTING.