A Cashier's Check Is Written by a Bank and Drawn

question 55

True/False

A cashier's check is written by a bank and drawn against the bank when paid.

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Definitions:

Journal Entry

A record of a financial transaction in the accounting system, showing debits and credits.

Property

Assets owned by an individual or a business, encompassing both tangible (land, buildings) and intangible (patents, trademarks) items.

Funeral Expenses

Costs incurred for services and merchandise related to the burial or cremation of a deceased person.

Journal Entry

A record in the accounting journal that represents a business transaction and reflects changes in accounts.