Ais final acct 3222 lsu Study guides, Class notes & Summaries

AIS Final acct 3222 LSU Buslepp Exam with Questions and 100% Correct Solutions Last document update:   ago

Who are the three parties to consider when assessing responsibility for check fraud loss? 1. The company that issued the check (the drawer) 2. the bank where the check was first deposited (payee's bank) 3. the bank ordered by the check to make payment (the drawee) What is positive pay? SENDING THE BANK A FILE INDENTIFYING THE CHECKS WRITTEN BY THE COMPANY Each time the company writes a check it sends a file to the bank. The file has check numbers and dollar amounts of checks issued. The...