Asked by
Shevonne Simeon
on Nov 14, 2024Verified
A remittance advice attached to a company check provides
A) details about the running cash balance in the checking account.
B) the magnetic bank routing numbers.
C) the explanation of the purpose of the check.
D) the signature space for the maker.
Remittance Advice
A document sent by a customer to a seller, indicating that an invoice has been paid.
Running Cash Balance
The current amount of cash available in an account, changing with each transaction.
Company Check
A check written from a company's account, representing an official payment by the company to another party.
- Discover the stakeholders in operations involving checks.
Verified Answer
CD
Learning Objectives
- Discover the stakeholders in operations involving checks.