Which Is Not One of the Steps to Writing a Check

question 3

Multiple Choice

Which is not one of the steps to writing a check?

• A) Date the check.
• B) Write the name of the payee on the "Pay to the order of line."
• C) Sign the check (signature should match the signature on file at the bank).
• D) Write out the name of the payer

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Definitions:

Profits and Losses

The financial gains or losses a company experiences, usually measured over a specific period of time.

Partnership Liquidation

The process of closing a partnership by distributing its assets to settle debts and then to the partners according to their ownership interests.

Gains and Losses

Financial terms referring to the positive or negative changes in value of investments or assets relative to their original purchase price.

Liquidation Gain/Loss

The financial result realized when the assets of a company are sold off or liquidated.