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Categories of Cash Flow Statement

Amounts on th...

Question

Amounts on the withdrawal slips are to be mentioned in figures as well as words.

A

True

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B

False

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Solution

The correct option is A True
True. The amounts on the withdrawal slips are to be mentioned in figures as well as words. Both are to be mentioned to confirm the figures and to ensure that the banker is able to read properly. The cheque will be passed only when both the figures match.

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