SOFE
SOFA-CFE · Question #72
SOFA-CFE Question #72: Real Exam Question with Answer & Explanation
Sign in or unlock SOFA-CFE to reveal the answer and full explanation for question #72. The question stem and answer options stay visible for context.
Question
When the draft is received for acceptance from the bank, the liability that is debited and funds are transferred from the company's operating cash account to the bank is called:
Options
- Adraft payable
- Bdraft receivable
- Cinternal signature cards
- Dtransferring debts
Unlock SOFA-CFE to see the answer
You've previewed enough free SOFA-CFE questions. Unlock SOFA-CFE for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.