Asked by Edgar Quinones on Apr 30, 2024
Verified
There are three parties to a check: (1)_______________ (2)______________ and the (3)______________.
Drawer
A compartment for holding or storing items, or in financial terms, the person who writes a bill of exchange or check.
Payee
The party to whom payment of a promissory note is to be made.
Drawee
The party in a transaction who is directed to pay a certain amount of money, often seen in the context of a check or draft.
- Identify the variety of documents and their functions within internal control and cash management systems.
Verified Answer
CD
Learning Objectives
- Identify the variety of documents and their functions within internal control and cash management systems.