The last step in the cash remittance processing of customer payments by check is to restrictively endorse the checks.

Question

Quizplus · Accepted Answer

The last step in the cash remittance processing typically involves recording the payment in the accounting system, not restrictively endorsing the checks. Restrictive endorsement is an important step but usually occurs earlier in the process to ensure the checks are securely deposited.

The Last Step in the Cash Remittance Processing of Customer