Day: May 29, 2019

Accounting Multiple Choice Question – 29 May 2019

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

The payee of a cheque is…?

Select ONE answer:

  1. The bank in which the person writing the cheque has his / her account.
  2. The person to whom the cheque is written.
  3. The person who writes the cheque or on whose account the cheque is written.
  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 2

  1. This is the bank on which the cheque is drawn.
  2. Correct
  3. The person who writes the cheque or on whose account the cheque is written is known as the ‘drawer’ of the cheque.
  4. Not correct

 

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