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What are five rules to ensure that checks properly written and recorded?

Five Rules for Ensuring Checks are Properly Written and Recorded:

1. Maintain Accurate Information:

Verify that the check number matches the bank records and that the date, payee name, and amount are accurate.

2. Use Signature and Initials:

Require the appropriate persons, such as the authorized signatories, to affix their signatures and initials in the designated spaces on the check.

3. Void Canceled Checks:

Mark canceled checks as "Void" or "X'ed" in the cancellation section to prevent their unauthorized use.

4. Avoid Overwriting or Alterations:

Avoid overwriting or making alterations on the check. If a mistake occurs, void the check and issue a new one.

5. Recording and Documentation:

Maintain proper documentation of check issuances, including check registers or a check log, to keep track of the checks written, the dates, the payees, and the amounts.

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