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The parties to a checkarer a. a drawer, a payee, and a bank b. a drawer, a payer, and a drawee. ca bank, a payee,

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The parties to a checkarer a. a drawer, a payee, and a bank b. a drawer, a payer, and a drawee. ca bank, a payee, and the Internal Revenue Service (IRS. d. a checker, a maker, and a issue e. the Federal Bank, a depositor, and a cashier. 2. MC.06.002 which data are generally not included on a check? a. Name of the bank on which the check was drawn 6. Date of the check c. Amount the bank is to pay the payer d. Signature of the party writing the check e. Address of the payer 3. MC.06.022 When a Petty Cash Fund has been established, which of the following relationships should be true tal times Potty Cash Fondetty cash vouchers Petty Contest in the party costos cPetty.Cash Fund Cash the petty cashbo-5100 dotyCash Fund Cash in the petty cashotty cash vouchers Petty Cash Fund - Cash in the petty cash box + petty cash vouchers 4. MC.06.023 The entry to reimburse the Petty Cash Fund includes a debt-to-Cash debit to various accounts upon which the money was spent. dute to Petty Cash Fund d.credit Account Patie. Acredit to Petty Cash Fund 5. MC.06.028 Which of the following statements is true about a debit balance in a Change Fund? a. It is classified as a liability and is recorded on the balance sheet b. It is classified as a miscellaneous expense and is recorded on the income statement c. It is classified as owner's equity and is recorded on the balance sheet d. It is classified as an asset and is recorded on the balance sheet. e. It is classified as a revenue account and is recorded on the income statement. 6. MC.06.031 The system of policies and procedures that a companyats to protect is sets are known as a. a standard system b. Internal control system. c. a lockbox system d. a reconciliation system

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