A ________ is a telegraphic communication that, via bookkeeping entries, removes funds from the payer's bank and deposits them in an account of the payee's bank
A) direct send
B) wire transfer
C) depository transfer check
D) preauthorized check
B
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Adam Inc uses a perpetual inventory system. Jan. 1 On hand, 10 units at $2 each $ 20 4 Sold 8 units for $10 each 80 22 Purchased 50 units at $4 each 200 26 Sold 48 units for $10 each 480 If Adam uses the FIFO method, how much is ending inventory on January 31?
a. $ 12 b. $ 16 c. $ 40 d. $ 8
Closing entries are made
A) to clear revenue and expense accounts of their balances. B) to clear dividends of its balance. C) to summarize a period's revenues and expenses. D) All of these choices.
A commitment from management to conduct a feasibility study means that the proposed system is accepted
Indicate whether the statement is true or false
Hugh tries his best to convince Irene about a new business proposal, but Irene presents some good counterarguments and stalls the proposal. This is an example of
A. resistance. B. compliance. C. adherence. D. commitment. E. allegiance.