To have maximum control over cash payments, all payments should be made by cheque. Is this true?

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"To have maximum control over cash payments, all payments should be made by cheque." Is this true? Explain.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:08 AM

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To have maximum control over cash payments, all payments should be made by cheque. Is this true?

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This statement is true if the alternative to a cheque payment is one done with cash ...View the full answer

Financial Accounting Tools for Business Decision Making

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