Question

Match the terms in Column I with the definitions in Column II.

drawer
drawee
endorsement
post-dated check
prove cash
imaged check

A. substitute check B. writer of the check C. reconcile the bank statement D. transfer the check E. future date F. payee

Answer 1

Answer: 1) Drawer = B. Writer of the check. A drawer is who signs the check.

2) Drawee = F. payee. The check is in favor of this person.

3) Endorsement = D. transfer the check.

4) Post-dated check = E. future date. It is a check that can be cashed from a future date.

5) Prove cash = C. reconcile the bank statement.

7) Imaged check = A. substitute check.