Activity I. Multiple ChoiceDirections: Choose and encircle the letter of the correct answer from the options given ineach item.1. It is issued by bank to the depositor which can be used to withdraw cash anytime.a. ATM cardc. Personal Checkd. Withdrawal Slipb. Passbook2. What is the amount of money required to keep your bank account open?a. Maximum Balancec. Minimum Deposit b. Minimum Balanced. Maximum Depositinad vinuoo2r3. The amount of money in your bank account.a. Depositb. Balancec. Pesod. Dollars4.is the annual percentage paid on an interest-bearing bank account.a. Service Chargec. Service Feed. Penaltyb. Interest ratebolas5. Money held in this account can be withdrawn thru issuance of a check.a. Savings Accountb. ATMc. Time Deposit Certificated. Checking account6. It is a type of savings account that is held for a fixed term and can be withdrawn onlyafter the lapse of agreed period.a. Checking Accountb. Time Deposit Account7. Thec. ATMd. Savings Accountrefers to the amount of money in your bank account at a specificmoment in time according to your bank.a. Minimum Balanceb. Account Balance8. It intended to provide an incentive for the depositor to save money in whichtransactions are logged in a small booklet that the depositor keeps.a. Time Deposit Accountb. Saving Account9. The depositor's book in which the bank records the depositor's deposits andc. Service Charged. Withdrawalsc. Current Accountd. Bank Draftwithdrawals.c. Ledgerd. Record Book10. The money the bank pays for saving your money.a. Passbookb. Checkbookc. Loand. Penaltya.Interestb. Service feeanoitaofla

‘’Since you have asked multiple question, we will solve the first question for you. If you want any…

Activity I. Multiple Choice Alo alnam Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. ATM card c. Personal Check d. Withdrawal Slip a, b. Passbook

Activity I. Multiple Choice Alo alnam Directions: Choose and encircle the letter of the correct answer from the options given in each item. 1. It is issued by bank to the depositor which can be used to withdraw cash anytime. ATM card c. Personal Check d. Withdrawal Slip a, b. Passbook

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 1CE: Match the following words with their definitions by entering the correct number in the spaces below....

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Activity I. Multiple Choice
Directions: Choose and encircle the letter of the correct answer from the options given in
each item.
1. It is issued by bank to the depositor which can be used to withdraw cash anytime.
a. ATM card
c. Personal Check
d. Withdrawal Slip
b. Passbook
2. What is the amount of money required to keep your bank account open?
a. Maximum Balance
c. Minimum Deposit

b. Minimum Balance
d. Maximum Deposit
inad vinuoo2r
3. The amount of money in your bank account.
a. Deposit
b. Balance
c. Peso
d. Dollars
4.
is the annual percentage paid on an interest-bearing bank account.
a. Service Charge
c. Service Fee
d. Penalty
b. Interest rate
bolas
5. Money held in this account can be withdrawn thru issuance of a check.
a. Savings Account
b. ATM
c. Time Deposit Certificate
d. Checking account
6. It is a type of savings account that is held for a fixed term and can be withdrawn only
after the lapse of agreed period.
a. Checking Account
b. Time Deposit Account
7. The
c. ATM
d. Savings Account
refers to the amount of money in your bank account at a specific
moment in time according to your bank.
a. Minimum Balance
b. Account Balance
8. It intended to provide an incentive for the depositor to save money in which
transactions are logged in a small booklet that the depositor keeps.
a. Time Deposit Account
b. Saving Account
9. The depositor's book in which the bank records the depositor's deposits and
c. Service Charge
d. Withdrawals
c. Current Account
d. Bank Draft
withdrawals.
c. Ledger
d. Record Book
10. The money the bank pays for saving your money.
a. Passbook
b. Checkbook
c. Loan
d. Penalty
a.
Interest
b. Service fee
anoitaofla

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