Which of the Following Is a Person Ordering the Drawee

question 31

Multiple Choice

Which of the following is a person ordering the drawee to pay?

• A) Maker.
• B) Acceptor.
• C) Drawer.
• D) Endorser.
• E) Promisor.

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Definitions:

Consolidation Adjustments

Adjustments made to the financial statements when combining the financial information of a parent company and its subsidiaries to prepare consolidated financial statements.

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document.

Double Counting

A statistical or accounting error where a transaction or value is counted more than once, skewing results.

Parent

A company that controls or owns another company or companies.