Explain the meaning of the following terms: a. Canceled check b. Outstanding check c. Deposit in transit
Question:
a. Canceled check
b. Outstanding check
c. Deposit in transit
d. Debit memorandum
e. Credit memorandum
f. Dishonored check
g. Blank endorsement
h. Deposit slip
i. Drawee
j. Restrictive endorsement
k. Payee
l. Drawer
m. Service charge
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a Canceled check A cancelled check is a check that is paid by the bank They are a proof of payment b ...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
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