Fundamentals

of
Accountancy, Business &
Management

2
Fundamentals of ABM 2 by: Ferrer & Millan
 Chapter 7
Basic Documents and Transactions related to Bank Deposits
 

Learning Objectives
1. Identify the types of bank accounts
normally maintained by a business.
2. Differentiate a savings account from a
current or checking account.
3. Prepare bank deposit and withdrawal slips.
4. Identify and prepare checks.
5. Identify and understand the contents of a
bank statement.
Fundamentals of ABM 2 by: Ferrer & Millan
 Types of Bank Accounts
1. Savings account
2. Current or Checking account
3. Time deposit

Fundamentals of ABM 2 by: Ferrer & Millan

Fundamentals of ABM 2 by: Ferrer & Millan
Fundamentals of ABM 2 by: Ferrer & Millan
Fundamentals of ABM 2 by: Ferrer & Millan
Fundamentals of ABM 2 by: Ferrer & Millan
 Date of a check
• A check is normally dated at the date it was
written. However, a check may also be
antedated or postdated.
– Antedated check – a check dated at an
earlier date.
– Postdated check – a check dated at a
later date.

• Stale check – a check that has not been

encashed for a period of 6 months or longer.
Fundamentals of ABM 2 by: Ferrer & Millan
 Bank statement
• A bank statement is a report issued by a
bank (on a monthly basis) which shows the
deposits and withdrawals during the period
and the cumulative balance of a depositor’s
bank account.

Fundamentals of ABM 2 by: Ferrer & Millan

Fundamentals of ABM 2 by: Ferrer & Millan
OPEN FORUM
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Fundamentals of ABM 2 by: Ferrer & Millan

 END

Fundamentals of ABM 2 by: Ferrer & Millan