An Unsigned Check Drawn on One of the Firm's Bank

question 15

Multiple Choice

An unsigned check drawn on one of the firm's bank accounts and deposited in another of the firm's bank accounts is

• A) an automated clearinghouse debit transfer.
• B) a depository transfer check.
• C) a wire transfer.
• D) none of the above.

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Definitions:

Rental Income

Earnings received from leasing property to tenants.

Annual Taxes

Taxes that are assessed and paid once a year, commonly relating to income, property, or business revenues.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Debt To Suppliers

The total amount of money a company owes to its suppliers for goods and services purchased on credit.