Question
1. The three parties involved with a check are: a.The bookkeeper, the payee, and the bank. b.The maker, the payee, and the bank. c.The writer,
1.The three parties involved with a check are:
a.The bookkeeper, the payee, and the bank.
b.The maker, the payee, and the bank.
c.The writer, the cashier, and the bank.
d.The maker, the manager, and the payee.
e.The signer, the cashier, and the company.
2.An accounts payable ledger:
a.Contains a separate account for each creditor (supplier) to the company.
b.Contains the financial statement accounts of a business.
c.Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding.
d.Contains an account for each credit customer.
e.Is a book of original entry designed and used for recording only a specified type of transaction.
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