American_Bankers_Association
CTFA · Question #113
Accounts receivable conversion (a.k.a., check conversion) is the conversion of a paper check to
The correct answer is C. An ACH debit transaction. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Accounts receivable conversion (a.k.a., check conversion) is the conversion of a paper check to
Options
- AAn electronic check image
- BA "substitute check"
- CAn ACH debit transaction
- DA foreign currency
How the community answered
(37 responses)- A14% (5)
- B8% (3)
- C76% (28)
- D3% (1)
Topics
#ACH debit#check conversion#electronic payments#accounts receivable
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