Answer to Question #262917 in Accounting for Another you

Question

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

1. Unique identifier given to by the bank for every account opened or maintained.
2. 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.
3. It is a bank document/form that is reqyired whenever a depositor withdraws from his/her checking account.
4. A check issued by a corporation.
5. An acceptable form of payment other than hard cash.

Answer 1

1) Personally Identifiable Information (PII)

2) Cheque

3) Bank withdrawal slip

4) Corporate cheque

5) Bank transfers/ debit cards/ digital wallets