A Tear-Off Part of a Check That Has a Simple

question 1

Multiple Choice

A tear-off part of a check that has a simple explanation of the reasons for the payment is called:

• A)Remittance advice
• B)Disbursement journal
• C)Transaction description
• D)Cash register

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Definitions:

5 C's of Credit

The five key elements lenders evaluate to assess a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.

Capacity

The maximum level of output that a company can sustain to produce within a specified period under normal conditions.

Operating Cash Flows

The amount of cash generated by a company's normal business operations over a specific period.

Credit Analysis

The evaluation of an individual's or organization's ability to repay debt.