Answer to Question #262671 in Accounting for Another you

Question

A. Identify the word/s described in each statement.

1. The most liquid form of asset which is vulnerable to fraudulent activities.
2. The type of account which intends to provide account holders an incentive to save money.
3. The document used by the bank account holder in depositing cash/check in the bank.
4. This account is maintained by a passbook.
5. This accounts earns no interest where transactions are maintained by a check.
6. Unique identifier given to by the bank for every account opened or maintained.
7. It is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name it has been issued.
8. It is a bank document/form that is reqyired whenever a depositor withdraws from his/her checking account.
9. A check issued by a corporation.
10. An acceptable form of payment other than hard cash.

Answer 1

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