Author Question: In general, which of the following statements is correct concerning the priority among checks drawn ... (Read 98 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
In general, which of the following statements is correct concerning the priority among checks drawn on a particular account and presented to the drawee bank on a particular day?
 a. The checks may be charged to the account in any order convenient to the bank.
  b. The checks may be charged to the account in any order provided no charge creates an overdraft.
  c. The checks must be charged to the account in the order in which the checks were dated.
  d. The checks must be charged to the account in the order of lowest amount to highest amount to minimize the number of dishonored checks.

Question 2

Waste water that has been treated at a sewage treatment plant may not be discharged into a river or lake.
 a. True
  b. False
  Indicate whether the statement is true or false



tkempin

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

.A

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

For a complete list of videos, visit our video library