The Part of a Check That Takes the Form of a Fraction

question 133

Multiple Choice

The part of a check that takes the form of a fraction and identifies the specific bank on which a check is drawn is the ____.

• A) memo line
• B) routing number
• C) ABA number
• D) check number
• E) MICR recording area

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Definitions:

Order

A request by a customer or company to purchase goods or services, often formalized through a purchase order document.

Ledger

A book or collection of accounts in which account transactions are recorded, categorized by account type, and used to prepare financial statements.

Normal Balances

The typical balance sides (debit or credit) for different types of accounts in accounting, determining how increases or decreases are recorded.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset over its useful life to reflect its loss of value.