A cheque could be dishonoured as a result of?

By: |Published on: Mar 14|Categories: Commerce WAEC| 0 comments

A. same amount in words and figure
B. insufficient fund
C. general crossing
D. regular signature

Correct Answer: Option B

B. insufficient fund

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.

Users Also Read These:

SEE ALSO  Ocean liners are vessels that?

Copyright warnings! Do not copy.