An instrument is rendered non-negotiable if A. There is an indication of a particular fund out of which reimbursement is to be made. B. There is an indication of a particular account to be debited with the amount. C. The instrument is payable out of a particular fund. D. Answer not given.

An instrument is rendered non-negotiable if A. There is an indication of a particular fund out of which reimbursement is to be made. B. There is an indication of a particular account to be debited with the amount. C. The instrument is payable out of a particular fund. D. Answer not given.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 7CYBK

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Question

An instrument is rendered non-negotiable if
A. There is an indication of a particular fund out of which reimbursement is to be made.
B. There is an indication of a particular account to be debited with the amount.
C. The instrument is payable out of a particular fund.
D. Answer not given.

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