Was the Check Properly Delivered to Brad

question 59

Multiple Choice

Was the check properly delivered to Brad?

• A)Yes,because both Brad and the bank are considered holders in due course.
• B)Yes,because it was bearer paper,delivery occurred whenever possession was taken.
• C)No,because he was not intended to receive it.
• D)Yes,because it was order paper,delivery occurred whenever possession was taken.
• E)Yes,but only because it was thereafter presented to the bank and cashed.

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Recognize the importance of permissions and policies governing the use of digital communication tools in the workplace.

Learn how digital media devices, including podcasts, support business communication and marketing strategies.

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Definitions:

Cash Receipts Journal

A journal used to record all cash inflows or money received by the business.

Cash Received

The amount of money a business collects, normally in exchange for goods or services.

Customers Account

Refers to the individual accounts or ledgers maintained by a business to record transactions related to sales, returns, payments, and balances owing for each customer.

Cash Receipts Journal

A financial journal that tracks all cash inflows or money received by a business, including sales, loans, and investments.