A Person Can Purchase A(n) ________ from a Bank by Paying

question 78

Multiple Choice

A person can purchase a(n) ________ from a bank by paying the bank the amount of the check plus a fee for issuing the check.

• A) indorsed check
• B) ordinary check
• C) blank check
• D) cashier's check

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Definitions:

AASB 141

An accounting standard issued by the Australian Accounting Standards Board that deals with the agricultural sector, specifically the accounting for agricultural activity.

IAS 16

An International Accounting Standard outlining the accounting treatments for property, plant, and equipment, including its recognition and measurement.

IAS 41

A global accounting guideline focused on managing financial records for farming activities, specifically regarding the conversion of biological assets, such as live plants and animals, into farm products.

Investment Property

Property (land or a building - or part of a building - or both) held to earn rentals or for capital appreciation or both, rather than for use in the production or supply of goods or services.