The following shall produce the effect of payment of debts:    Delivery of check Tender of Central Bank Notes Delivery of Promissory note None of choices

3. Which of the following is inappropriate aggregation? A. Cash and cash equivalents (Cash on hand and time deposits) B. Trade. and other receivables (Notes receivable and advances to employees) C. Trade and other payables (Notes and bonds payable) D. Provisions (Liability from pending litigation and purchase

What federal law protects cosigners on a loan agreement? What is the bank required to do? What other protections are included in this law?

When referring to a note receivable or promissory note a.the note cannot be factored to another party b.the note may be used to settle an account receivable c.the note is not considered a formal credit instrument d.the maker is the party to whom the money is due

Which field typically appears in the Bank Register but not usually in reports?

Do items reported as a credit memorandum on the bank statement represents (a) additions made by the bank to the company’s balance or (b) deductions made by the bank from the company’s balance? Explain.

a contract that is negotiated direclty between a borrowing firm and a bank and under which the borrower agrees to make a series of interest and principal payments to the bank on specific dates is called:

Which transaction types should be recorded using the Bank Deposit form?

In preparing a bank reconciliation, what is the proper treatment of a bank service charge?