What is the purpose of the memo line on a check?
Writing Checks

Flashcard
•
Mathematics, Special Education
•
8th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
The memo line is optional and can be used to note the purpose of the payment.
2.
FLASHCARD QUESTION
Front
Where is the check number located on a check?
Back
The check number is located at the top of the check next to the date.
3.
FLASHCARD QUESTION
Front
Who is referred to as the payee on a check?
Back
The payee is the person or entity to whom the check is written and who will receive the payment.
4.
FLASHCARD QUESTION
Front
Where can you find the account number on a check?
Back
The account number is located at the bottom of the check.
5.
FLASHCARD QUESTION
Front
What is the correct way to write a check?
Back
A check should be written in pen to prevent alterations.
6.
FLASHCARD QUESTION
Front
What information is required on a check?
Back
A check must include the date, payee's name, amount in numbers and words, signature, and account number.
7.
FLASHCARD QUESTION
Front
What happens if you write a check without sufficient funds?
Back
If you write a check without sufficient funds, it may bounce, leading to fees and potential legal issues.
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