Question: QUESTION 8 A written order by one person directing another to pay a sum of money to a third person is known as a (

QUESTION 8
A written order by one person directing another to pay a sum of money to a third person is known as a(n)q,
a. debtor note
b. bill of exchange
c. interest note
d. discounted bill
QUESTION 8 A written order by one person directing another to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

18 Ignacio has an instrument, such as a bond, which was made "Payable to bearer" She loses the instrument, but it is found by Jesus. Jesus may 17 A written order by one person directing the person's...

Q:

Types of Instruments Identify the following instruments (legal documents): A written promise by a bank to repay money received from a depositor. b A written promise by a person to pay another a...

Q:

Identify the following instruments: a. A written promise by a bank to repay money received from a depositor. b. A written promise to pay another a certain sum of money. c. An instrument drawn by one...

Q:

Identify the following instruments: a. A written promise by a bank to repay money received from a depositor. b. A written promise to pay another a certain sum of money. c. An instrument drawn by one...

Q:

Match the definition / description to the correct term. - An order by one person to another person or to bearer. - A type of instrument drawn by a drawer ordering the drawee bank or financial...

Q:

A banker's acceptance is: Question 6 options: a debt instrument issued by a bank and that which usually pays interest. a negotiable instrument drawn against deposited funds, to pay a specified amount...

Q:

An unconditional written order from one party to another directing him or her to pay a certain sum to a third party. a. bad c heck b. draft or bill of exchange c. cashiers c heck d. certifi ed check...

Q:

Winston College 6. A ....... ....... is an instrument where one person orders another to pay a third party a. Payment order b. Bill of exchange c. Bill of lading d. Bill of order 7. A promissory note...

Q:

A mortgage is (a) a written order by one person directed to another person instructing them to pay money to a third party. (b) a type of cheque. (c) a charge over real property. (d) a receipt.

Q:

Question 1 Bongbong issued a check payable to the order of Leni or bearer worth P 10,000,000. Leni specially indorsed and delivered the same to Leody who subsequently negotiated it to Ping by...

Q:

Bakhomo Limited (Bakhomo) raised a loan of N$500 000 on 1 January 2020 This loan was raised specifically to fund the construction of a building (a qualifying asset). The interest of N$50 000 is...

Q:

Angina, Inc., has 5 million shares outstanding. The firm is considering issuing an additional 1 million shares. After selling these shares at their $20 per share offering price and netting 95% of the...

Q:

Which of the following most accurately describes the remult of using the effective - interest method in amortizing bond premiums and discounts? A greater amount of interest income over the life of...

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...