While Cash Is the Language of Business, Accounting Is the Currency

question 50

True/False

While cash is the language of business, accounting is the currency.

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Definitions:

Bank's Signature

An authorized signature from a bank representative, used to validate or authorize transactions and documents.

Certified Checks

Checks guaranteed by a bank, verifying that the signature is genuine and that the check writer has sufficient funds in their account.

Day Of Deposit

The day on which funds are deposited into a bank account, which starts the process of the funds being cleared and made available for use.

Multiple Forgeries

The act of falsifying or making unauthorized copies of documents, signatures, or artworks on more than one occasion.