A remittance advice attached to a company check provides
A) details about the running cash balance in the checking account.
B) the magnetic bank routing numbers.
C) an explanation of the purpose of the check.
D) the signature space for the maker.

Question

Quizplus · Accepted Answer

A remittance advice provides an explanation of the purpose of the check, including details about the payment being made, such as invoice numbers, payment terms, and amounts. It does not provide information about the company's running cash balance, magnetic bank routing numbers, or signature space for the maker.

A Remittance Advice Attached to a Company Check Provides