Question

What element(s) is/are required when you write a check?

A) Payee, date, amount, and memo
B) Payee, signature, and amount
C) Date, signature, and amount
D) Payee, date, and signature

Answer 1

When writing a check, you need to include the payee, date, amount, and signature. The store deposits the check to receive the funds, and an overdraft happens if there aren't enough funds in the account.

Step-by-step explanation:

The correct elements required when writing a check for payment for goods and services are the payee, date, amount, and signature. So the correct option is D) Payee, date, and signature. When you provide a check to a store for payment, the store will deposit the check into their bank account, and the bank will then process the transaction by pulling the funds from your account and transferring them to the store's account. An overdraft occurs when you write a check for more money than you have in your account, which can result in additional fees unless you have overdraft protection.