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.