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A cheque could be dishonoured as a result of?

Commerce
WAEC 2017

A cheque could be dishonoured as a result of?

  • A. same amount in words and figure
  • B. insufficient fund
  • C. general crossing
  • D. regular signature
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Correct Answer: Option B
Explanation

7 Reasons Why Your Cheque Is Dishonoured

  • Insufficient Funds. Salaries sometimes reach late in accounts leaving insufficient funds in your account which may lead to bouncing of cheque. ...
  • Irregular Signature. 
  • Alterations. 
  • Post-dated Cheque. 
  • Stale Cheque. 
  • When Payment Is Stopped. 
  • Frozen Account.
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts