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
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.