Which Kind of Endorsement Places a Condition on Payment

question 51

Multiple Choice

Which kind of endorsement places a condition on payment?

• A) Conditional endorsement.
• B) Trust endorsement.
• C) Endorsement to prohibit further endorsement.
• D) Bearer endorsement.
• E) Conditional bearer endorsement.

---

Definitions:

Standard Costs

Represents the expected cost of producing or purchasing items, used for budgeting and cost control purposes.

General Ledger

A ledger that contains all asset, liability, and owner’s equity accounts.

Normal Standards

Predetermined costs or benchmarks that are established based on the historical performance and expected future costs, used to measure production efficiency and budget compliance.

Rigorous

Characterized by strict precision, accuracy, and careful attention to detail.