Question

A bearer cheque is just like a withdrawal slip.

• A. True
• B. False

Answer 1

The correct option is A True

True. A bearer cheque is just like a withdrawal slip. A bearer cheque is payable over the counter. It is transferable by mere delivery. A withdrawal slip is a slip that to be filled by the customer to withdraw money from the bank account. In both the cases money can be received over the counter.