menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 8: Banking Procedures and Control of Cash
  5. Question
    Endorsing a Cheque
Solved

Endorsing a Cheque

Question 62

Question 62

Multiple Choice

Endorsing a cheque


A) guarantees payment.
B) transfers the right to deposit or transfer cash.
C) cancels the transaction.
D) All of these answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: A nonsufficient funds cheque was returned to

Q58: Misc. Expense _ _ _ _

Q59: A bank statement reports the beginning balance,

Q60: Cancelled cheques are negotiable at the bank

Q61: When a credit card is used to

Q63: Information to calculate the adjusted cash balance

Q64: The entry to establish the petty cash

Q65: Change Fund _ _ _ _

Q66: Company policy for internal control should include

Q67: Indicate what effect each situation will have

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines