A customer has the right to stop the payment of a cheque. It is called asa.stale chequeb.post datedc.ante datedd.countermanding

If a cheque written by a company has been outstanding for a while, when reconciling with the bank, the company mustSelect answer from the options belowissue a debit memorandum.write it off.cancel the cheque.include it in the list of outstanding cheques.Save for LaterSubmit Answer

A stop-payment order is a request that a bank or other financial institution not cash a particular check. True False

As per Sec 130 of N.I.Act, a cheque crossed "Not Negotiable" __________.

Read the statement below and choose the best response.A customer is very upset because the check she deposited last week has still not been credited to her account. A bank error caused the delay."Are you trying to rob me, huh? Why hasn't my check cleared yet? I know that's a good check, and I need the money NOW! I need to buy my daughter's medicines!"ANo, I assure you we're not.BWe're terribly sorry for the inconvenience. Rest assured your money will be available within the day.CI understand how frustrating this is. We promise this won't happen again.DThe money will be available today.

A cash disbursement clerk issues a cheque that has been approved by the accounting manager and records all cheques issued in a cheque register. At the end of the month accounting manager reconciles cheque register to bank statement. This is an example of:Question 8AnswerSelect one:a.separating record-keeping from asset custody.b.separating transaction authorisation from reconciliation.c.separating asset custody from transaction authorisation.d.all options are correct.