Ask Question
BusinessBusiness
18 July, 09:26

Paul just got his paycheck. He immediately wrote "for deposit only" on it along with his bank account number. Why did Paul write that?

A. Select the best answer from the choices provided.

B. It saves time at the bank if it is already written on the check.

C. Banks requires that information be written on checks.

D. If the check is lost, nobody else can cash it or do anything with it.

It is a good reminder that the check is for deposit and not cashing.

+4
Answers (1)
  1. 18 July, 09:39
    0
    D if the check is lost, nobody else can cash it or do anything with it.

    It is a good reminder that the check is for deposit and not cashing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Paul just got his paycheck. He immediately wrote "for deposit only" on it along with his bank account number. Why did Paul write that? A. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When a business produces a product that creates external costs?
Answers (1)
Gomex Company collected $600 of its $12,000 accounts receivable. How is the balance sheet affected? A. Cash increased $600, and Retained Earnings increased $600 because revenue was received. B.
Answers (1)
2. Lori is a company that produces 1000 boxes per day recruiting 5 staff with overhead cost of 200 USD. Each worker's shift is 10 hours per day. Lori management decides to used JIT strategy to increase production to a total of 1200 boxes per day
Answers (1)
Yong contributes a machine having an adjusted basis of $20,000 and an FMV of $25,000 for a 10% partnership interest. Yong had taken $10,000 of depreciation prior to the contribution. The partnership has no liabilities.
Answers (1)
Houff Company uses the allowance method to account for uncollectible accounts. An account that had been previously written-off as uncollectible was recovered. How would the recovery affect the company's accounting equation?
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Home » Business » Paul just got his paycheck. He immediately wrote "for deposit only" on it along with his bank account number. Why did Paul write that? A. Select the best answer from the choices provided. B.
Sign In
Ask Question
Menu
Subjects