question archive 1) There are three parties to a check
Subject:ManagementPrice:3.87 Bought7
1) There are three parties to a check. The drawer is
A. a written document signed by the company
B. is the one who signs the check ordering payment by the bank
C. the bank on which the check is drawn
D. the party to whom payment is to be made
2) A debit or credit memo describing entries in the company's bank account may be enclosed with the bank statement. An example of a credit memo is
A. deposited checks returned for insufficient funds
B. a promissory note left for collection
C. a service charge
D. notification that a customer's check for $375 was recorded by the company as $735 on the deposit ticket