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Yes, as long as you are cashing the check on behalf of the business (as a legal representative of the business) or if you are depositing the check into the account held by the business you can legally cash the check.
No - of you are not a representative of the business or if you are trying to deposit it into an account that doesn't belong to the business.
What else can I help you with?
Can I cash a cashier's check made payable to another name?
No. It is illegal. Only the person on whose name the check is issued can cash it. If the person to whom the check is issued is dead and you are the legal heir of the beneficiary then you can cash it. In all other cases - NO.
Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
Check received is that an account payable?
No it's cash. Though it is in the form of a "check" it is easily transferred to cash and is recorded as such. Also, even if it wasn't considered cash (it is) it would be a receivable, not a payable.
How do you cash a personal temporary check?
make it payable to yourself or cash and go to the bank and cash it.
Can you cash a cashiers check that you made payable to someone else?
RECEIVABLE
Can a business owner holding a check from the business make a check payable to cash and cash it at the bank?
yes no mabey......im only fourteen...lol...in ur face
Is a check made payable to cash negotiable?
Yes, a check made payable to cash can be negotiated by whoever holds the item.
Can I cash a cashier's check made payable to another name?
No. It is illegal. Only the person on whose name the check is issued can cash it. If the person to whom the check is issued is dead and you are the legal heir of the beneficiary then you can cash it. In all other cases - NO.
Can a cashier's check be made payable to cash?
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
Check received is that an account payable?
No it's cash. Though it is in the form of a "check" it is easily transferred to cash and is recorded as such. Also, even if it wasn't considered cash (it is) it would be a receivable, not a payable.
Does an increase in sales tax payable increase or decrease cash flow?
Increase in sales tax payable increases the cash because if at first place cash is paid then cash will be reduced but if payable is increasing it means cash is increasing as well and it will decrease when all sales tax payable will be paid.
How do you cash a personal temporary check?
make it payable to yourself or cash and go to the bank and cash it.
When an accounts payable account is paid in cash the owner's equity in the business decreases True or False?
False. Payment of an accounts payable reduces cash and reduces accounts payable. Equity is not affected.
Is it legal to cash a check that is not in your name?
No, it is not legal to cash a check that is not in your name.
Can you cash a cashiers check that you made payable to someone else?
RECEIVABLE
Can I deposit a business check into my personal account and withdraw cash from it?
No, it is not recommended to deposit a business check into a personal account and withdraw cash from it. It is best to deposit business checks into a business account to keep personal and business finances separate and avoid potential legal or tax issues.
What is the difference between notes payable and trade payable?
The difference between trades payable and notes payable is based on the relationship with the business to which money is owed to. Trades payable is typically with a business' supplier while notes payable is usually with a bank. Their treatment in the cashflow statements also differs. With trades payable, the transaction is reported in the CFO (Cash flow from Operations) while notes payable under US GAAP is reported under CFF (Cash flow from financing).
