If the written amount on the check does NOT match the amount expressed in figures, the bank may:
A) pay the amount written in words.
B) return the check unpaid.
C) contact the drawer to see what was meant.
D) All of the above are correct choices.
Correct Answer:
Verified
Q12: One internal control safeguard is to assign
Q13: A signature card shows the signature of
Q14: The first two numbers of the ABA
Q15: Company policy for internal control should include
Q16: Endorsing a check:
A) guarantees payment.
B) transfers the
Q18: A blank endorsement on a check:
A) can
Q19: The person or company to whom a
Q20: Internal control over a company's assets should
Q21: For each of the following, identify in
Q22: For each of the following, identify in
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