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What is a business check with an attached stub used for?

User Divyanshm
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Final answer:

A business check with an attached stub is used for making payments while providing details for record-keeping, like payee information and the purpose of the payment.

Step-by-step explanation:

Business checks usually provide an added layer of security to the standard protection measures in personal checks, such as anti-copy technology, watermarks, holograms, and thermo-chromic ink.

And, a business check with an attached stub is typically used for record-keeping purposes. The check itself is used for payment, while the attached stub, also known as a voucher or remittance advice, serves to provide details about the payment.

This stub often includes information such as the payee's name, the date, the amount of the check, and a breakdown of what the payment is for, which could include invoice numbers or specific services rendered.

This kind of check is particularly useful in a business context, as it helps to keep a physical record of expenditures, which can later be matched to financial statements or used for audit purposes.

Employers may also use this type of check to provide payment details to employees, like a paycheck with an earnings statement that details gross pay, deductions, and net pay.

User Maczniak
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