BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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check
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memo
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invoice
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receipt
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Detailed explanation-1: -Businesses use bank accounts to keep their money; the record of checks written can be compared to the bank’s record of checks paid to check accuracy. A business form ordering a bank to pay cash from a bank account is known as a check. Checking account – A bank account from which payments can be ordered by a depositor.
Detailed explanation-2: -A check is a document ordering a bank to pay cash from a depositor’s account. Business checks often have a check stub. Complete the check stub or register.
Detailed explanation-3: -Check: A business form ordering a bank to pay cash from a bank account. Invoice: A form describing the goods or services sold, the quantity, the price, and the terms of sale.
Detailed explanation-4: -*Sales invoices are # in sequence. Other Source Documents. *A business form giving written acknowledge for cash received is called a receipt. *A receipt is the source document for cash received form transactions other than sales. Memorandum.
Detailed explanation-5: -A bank account from which payments can be ordered by a depositor is called a Checking Account. • A signature is required by all persons authorized to sign checks on a form called a Signature Card. •