All checks must be signed by two persons.
submitted by Warner Brandes

RC

First, that isn't a question. That is a statement. The "Q" in "Q and A" stands for "question."

bd

Maybe this could be rephrased as: "Do all checks need to be signed by two people?" That would make a decent question.

AH

It depends on the policy the company has set. It is normally set by the finance department. They would choose a dollar amount, i.e. any amount over $1,000 would require two signatures.

JD

This isn't an accounting rule, or anything. It's just company policy, so it will vary from one company to the next.

Since you didn't really ask a question, it's hard to answer it, but I'll take a shot at it.

Let's pretend you asked, "Why do all checks need to be signed by two people?" In that case, the answer would be that it increases accountability for large transactions. If two people need to sign checks, it prevents employees from making careless or frivolous purchases, thus saving money for the company.

JD

Wait, I get it now. This is a true or false question, probably from someone's homework.

TRUE or FALSE...
...all checks must be signed by two persons.

ANSWER: False.

Not all checks need to be signed by two people.