If the payor bank pays a check in cash, its payment is final. True/False
Question:
If the payor bank pays a check in cash, its payment is final. True/False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
Question Posted:
Students also viewed these Social Science questions
-
Allowance for doubtful debts At the end of July 2022, you estimated doubtful debts of $7800 should be recorded. The balance of the allowance for doubtful debts account is to increase by $7800. Manual...
-
On March 13, a company writes off a customer's account of $3,600. On June 3, the customer unexpectedly pays the $3,600 balance. Using the allowance method, record the write-off on March 13 and the...
-
A geostationary satellite orbiting at a height 36,000km operates at 4GHz using a transmitter antenna that has a gain of 15dB. On earth the receiver antenna has a gain of 45dB. Calculate; (a) Free...
-
A trough is 10 ft long and its ends have the shape of isosceles triangles that are 3 ft across at the top and have a height of 1 ft. If the trough is being filled with water at a rate of 12 ft3/min...
-
Cornell Company produces two lawn mowers: basic and self-propelled. The company has four activities: machining, engineering, receiving, and packing. Information on these activities and their drivers...
-
A random number generator is used to select a number from 1 to 100. What is the probability of selecting the number 153?
-
Under monopolistic competition with identical firms, is it possible for a firm to produce at the minimum of its average cost curve?
-
33. At the end of the final year, the balance in Factory Overhead all the balance would be transfond to Work in Process bransformed to Cest of Goods Sold c.fered to Filed Goods dallocated between...
-
Consumers have 30 days to notify the bank of any error on the periodic statement received for the use of an ATM. True/False
-
The life cycle of a check begins when the drawer writes a check and delivers it to the payee. True/False
-
Calculate the mean, median, and mode for each of the following populations of numbers: a. 17, 23, 19, 20, 25, 18, 22, 15, 21, 20 b. 505, 497, 501, 500, 507, 510, 501
-
James A. and Ella R. Polk, ages 70 and 65, respectively, are retired physicians who live at 3319 Taylorcrest Street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and...
-
I need help solving the following question: - Thank you in advance. On January 1, Year 6, HD Lid., a building supply company, JC Lid., a construction company, and Mr. Saeid, a private investor,...
-
Let X 1 , , X n X 1 , , X n be a random sample from a normal distribution with mean and variance 1. Find the uniformly minimum variance unbiased estimator of 2 2 .2 answers
-
The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3,600 Supplies...
-
1.Using the Excel file Sales transaction find the following15 Marks a.Identify the levels of measurement for each variables b.Construct a cross tabulation to find the number of transactions by...
-
The following graphs show the temperature of different solutions with chemical reactions as functions of time. Graph the rate of change of temperature in each case, and indicate when the solution is...
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
What are the limitations to the ability of a store detective to detain a customer who is suspected of shoplifting?
-
What is nuisance in tort law?
-
Do you agree that the intrusion upon seclusion tort should permit damages for distress, humiliation, or anguish, or should the tort be limited to financial loss, if any, that arises from the tort?
-
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
-
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
-
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...
Study smarter with the SolutionInn App