Accounting Multiple Choice Question – 26 May 2019

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

This work is licensed under a Creative Commons Attribution 4.0 International License.

Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor View all posts by stuart001uk2014