A Practitioner May Use a ____ Check When He Wants

question 114

Multiple Choice

A practitioner may use a ____ check when he wants to withdraw money from the bank account but forgot his checkbook.

• A) traveler's
• B) voucher
• C) limited
• D) certified
• E) counter

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Definitions:

SUTA

This stands for State Unemployment Tax Act, which is a payroll tax that employers must pay to the state to fund its unemployment benefits program.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Quick Ratio

A liquidity metric that indicates a company's ability to cover its current liabilities without selling inventory, calculated as (cash plus marketable securities plus accounts receivable) divided by current liabilities.

Temporary Investments

Short-term investments that a company plans to convert into cash within a short period, typically one year or less.