Welcome

Thank you for trying this tutorial.

The tutorial is presented in sections with each section offering you a short quiz.

You may take the quizes or review the information as many times as you would like.

Goals:

Upon completion of this tutorial, learners will be able to:

  • identify all parts of a check with 80% accuracy.

  • Identify all parts of a deposit slip with 80% accuracy.

  • Identify all parts of a check register with 80% accuracy.

  • Answer questions relating to writing checks, making deposits, and record keeping with 90% accuracy.

Key terms:

  • Bank Fees – Banks charge fees for many things; check with a bank about their fees before you open an account there.
  • Bounced check – a check written without enough money available to cover the amount of the check causing the bank to refuse to cash the check. This also causes the bank to charge a fee to the bank account.
  • Check – a document that indicates a specific amount of money to be paid to a specifically indicated person or company from a bank account.
  • Checking register – a ledger used to detail checking account activity and maintain a running balance
  • Deposit - a deposit at the bank is putting money into an account
  • Overdraft – The bank pays a check you did not have enough money in the bank to cover – this is expensive and not automatically done (generally only done if credit is good).
  • PIN – Personal Identification Number used with a debit card.
  • Running balance – an ongoing balance that is added to or subtracted from relating to each entry.