Can you answer this FAR question? If not, sit for FAR now!

Cleared

Cleared

Cleared means paid with money from your checking account.

When you fill out a check with the name of the payee, the amount and sign it, the bank will honor the check. They take money from your bank account and give it to the payee you designated. We then say the check has cleared.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.