A cheque…?
Select ONE answer:
- is the form which must be completed when lodging money into a bank account.
- must always be ‘crossed’.
- is an instruction to your bank to pay money out of your current account.
- 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
- The form which must be completed when lodging money into a bank account is known as a paying-in slip or a lodgement slip.
- Cheques may be ‘crossed’ or ‘uncrossed’ — this is a matter for the person writing the cheque (the drawer) to decide.
- Correct
- Not correct
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