Accounting Multiple Choice Question – 24 May 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A cheque…?

Select ONE answer:

  1. is the form which must be completed when lodging money into a bank account.
  2. must always be ‘crossed’.
  3. is an instruction to your bank to pay money out of your current account.
  4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. The form which must be completed when lodging money into a bank account is known as a paying-in slip or a lodgement slip.
  2. Cheques may be ‘crossed’ or ‘uncrossed’ — this is a matter for the person writing the cheque (the drawer) to decide.
  3. Correct
  4. Not correct

 

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