Day: May 26, 2019

Accounting Multiple Choice Question – 26 May 2019

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

Endorsing a cheque means…?

Select ONE answer:

  1. making it void.
  2. exchanging it for cash at a bank.
  3. relinquishing your right to receive the amount of the cheque and passing that right on to someone else.
  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. Making a Cheque void is known as ‘cancelling’ it.
  2. Exchanging a cheque for cash at a bank is known as ‘cashing’ the cheque.
  3. Correct
  4. Not correct

 

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