Fresh Fruit Company accepts a check from Grocers Mart in payment on a shipment of apples, but
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Question:
Fresh Fruit Company accepts a check from Grocers Mart in payment on a shipment of apples, but Harvest Meat LLC will not accept a check for a beef order. Fewer checks are written today because
a. the use of credit has become more widespread.
b. most transactions are electronic.
c. merchants are increasingly refusing to accept cash and checks.
d. promissory notes have replaced checks as costs have risen.
Related Book For
Accounting Information Systems basic concepts and current issues
ISBN: 978-0078025334
3rd edition
Authors: Robert Hurt
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