A Major Part of a Bookkeeper's Job Is to Interpret

question 51

True/False

A major part of a bookkeeper's job is to interpret financial data and suggest strategies for improving the firm.

---

Definitions:

Sight Draft

A financial document that demands immediate payment upon presentation to the drawee, often used in international trade.

Time Draft

A written order to pay a specified amount of money at a certain time in the future, often used in international trade.

Banker's Acceptance

A short-term financial instrument issued by a company that is guaranteed by a commercial bank. It is commonly used in international trade.

Commercial Draft

An instrument used in international trade where the seller instructs the buyer to pay a specified amount of money at a specified time.