Question
Asked Nov 25, 2019
1 views

Define the followings?

1.) Rubber cheque.

2.) Blank endorsement.

3.) Transposition error.

check_circle

Expert Answer

Step 1
  1. Rubber cheque: Rubber cheque is a cheque which does not have enough money to be cashed. It is also known as bounced cheque.
Step 2
  1. Blank endorsement: This type of endorsement carries only signature of a person or firm on a financial instrument such a...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: a. Determine the total number of RVUs expected per day for the coming week . b. Determine the total ...

A: a. Calculation of total number of RVU’s expected per day:

question_answer

Q: On December 31, 2020, Flounder Company has $7,024,000 of short-term debt in the form of notes payabl...

A: Prepare a partial balance sheet for Flounder at December 31, 2020.

question_answer

Q: Blossom Co. incurred research and development costs in 2021 as follows: Materials used in resear...

A: Research and development costs refers to the expenditures spent on research, development, improvemen...

question_answer

Q: During 2021, Carla Vista Company purchased the net assets of Sandhill Corporation for $2219800. On t...

A: The fair market value of an asset implies the present cost of an asset in the market. Fair value can...

question_answer

Q: Parrish Ch. 3 pg. 55-56 Please tell me if the following accounts are Assets, Liabilities, Equity, Re...

A: Following table shows the type of accounts:

question_answer

Q: how would i solve this problem

A: Click to see the answer

question_answer

Q: Define the followings? a. Real Account. b. Temporary Account.

A: a.Real Account:Real accounts are a general ledger account that does not close during the accounting ...

question_answer

Q: Define prepaid accounts? Give example?

A: Prepaid account: It is an account which records the prepayment transactions. From the buyer’s point ...

question_answer

Q: Is depreciation a permanent account or temporary account? Explain?

A: Depreciation refers to the process of allocating the total cost of an asset (except land) to expense...