Which of the Following Would Be a Bearer Instrument

question 34

Multiple Choice

Which of the following would be a bearer instrument?

• A) A check payable to "cash."
• B) A check that says "pay to the order of John Jones."
• C) A check that says "pay to the order of bearer."
• D) A check payable to "cash" or a   check that says "pay to the order of bearer."

---

Definitions:

Voucher System

A method of accounting in which a record is kept for each transaction, detailing the necessary approvals and documentation.

Source Documents

Original records that provide evidence of financial transactions, such as receipts, invoices, or bank statements.

Invoice

A document detailing a transaction between a buyer and seller, including the quantities, prices, terms, and conditions of sale.