A signed payroll check that has not been cashed is considered an asset to the company that issued the check.

Name: A signed payroll check that has not been cashed is considered an asset to the company that issued the check.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A signed payroll check represents funds that have been earmarked for an employee's wages, but have not yet been disbursed. Therefore, it is considered an asset to the company until the check is cashed or voided.

A Signed Payroll Check That Has Not Been Cashed Is