Which of the Following Is True of the "Order to Pay

question 24

Multiple Choice

Which of the following is true of the "order to pay" requirement of a negotiable instrument?

• A) It is an instruction to pay and must be more than an authorization or request.
• B) It must identify with reasonable certainty the person to be paid.
• C) The addition of words of courtesy,such as "please pay," will not destroy the negotiability.
• D) All of these.

---

Definitions:

Subsidiary Accounts

Detailed records that support or are linked to a general ledger account, providing specifics about transactions.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services sold on credit.

Subsidiary Ledger

A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.