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The letters R/D on a cheque shows that the cheque is

Commerce
WAEC 2009

The letters R/D on a cheque shows that the cheque is

  • A. paid
  • B. dishonoured
  • C. certified
  • D. accepted
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Correct Answer: Option B
Explanation

RD on a cheque means ''Refer to Drawer''

This means the cheque cannot be honored due to one reason or the other, which in this case could be a result of insufficient funds in the bank account.

Hence the bearer of the cheque is referred back to the account holder/owner.

 

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