What kind of check is both issued by and drawn on a bank? Option A cashier's check Option B certifiable check Option C teller's check Option D traveler's check
Added by Milagros M.
Step 1
- A **cashier's check** is a check issued by a bank and drawn on the bank's own funds. - A **certifiable check** is a personal check guaranteed by the bank, but it is drawn on the customer's account, not the bank's. - A **teller's check** is a check drawn by one Show more…
Show all steps
Your feedback will help us improve your experience
Akash M and 53 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
What commercial paper involves only two parties? A check A draft A promissory note A contract 2. Pam wrote a check payable to MCC's bookstore. Which of the following best describes Pam? A. Drawer B. Drawee C. Maker D. Payee 3. What is true about a check and a cashier's check? A. With a check, the drawer is the bank; with a cashier's check, the drawer is a cashier employed at a bank or convenience store. B. The check is an example of commercial paper; the cashier's check is not. C. A check does not have an accommodation party on it; a cashier's check has an accommodation party. D. With a check, the drawee is the bank; with the cashier's check, both the drawer and the drawee are the bank. 4. True or false: A check made payable to cash is negotiable. A. True B. False
Akash M.
A check drawn by a credit union on its account at a federally insured bank would be an example of a:
Chandra J.
DEPOSIT TICKET Tony Jones 2002 Nimit Ave. Travel Gorge, MN X X X * X X Date April 10, 20~~ EYD Bank 106" 3082520 755 "1234
Jessica H.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD