Question

An optional attachment to a check that tells a business the reason for payment is called​ a(n)

Option 1: Endorsement
Option 2: Memo
Option 3: Voucher
Option 4: Addendum

Answer 1

The correct term for the optional attachment to a check that explains the payment reason for a business is a memo, Option 2 from the given choices.

Step-by-step explanation:

The optional attachment to a check that tells a business the reason for payment is called a memo.

This is Option 2 from the choices provided. An endorsement is a signature on the back of a check for the purpose of negotiating or transferring ownership.

A voucher is a document that authorizes a payment and records the details of the transaction, whilst an addendum is an addition or supplement to a document.

An optional attachment to a check that tells a business the reason for payment is called a Memo. It is a brief note or message written on the check which provides additional information to the recipient.

The memo helps the business keep track of the purpose of the payment and allows for easier categorization and organization of financial transactions.