What is the information a bank looks into, when receiving a cheque?

1. verifies the information of the customer account 2. cheque number 3. telephone number

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1. verifies the information of the customer account 2. cheque number 3. mobile number

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1. verifies the information of the customer account 2. cheque number 3. customer's bank balance

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1. verifies the information of the customer account 2. cheque number 3. another account number

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Solution

The correct option is C
1. verifies the information of the customer account 2. cheque number 3. customer's bank balance

While receiving a cheque the bank looks into the following:
1. verifies the information of the customer account 2. cheque number 3. customer's bank balance

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Similar questions

	(₹)
1. Credit balance as per Bank column of Cash Book	3,600
2. Cheque issued to the creditor but not yet present for payment	720
3. Cheques deposited into Bank for collection but not collected by the bank upto this time	1,540
4. Bank charges charged by the bank	20
5. Interest on overdraft charged by the bank	25
6. A customer deposited into our bank account without informing us.	240
7. Bank paid House Tax on our behalf, but no information was received from Bank.	35

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000


1. Receipts for the year ended 31st March, 2019:	₹
From Debtors	88,125
Cash Sales	20,625
Paid by Vinay	12,500
	1,21,250
2. Payments during the year:
New plant bought	3,125
Drawings	7,500
Salaries	5,625
Wages	33,625
Interest paid	375
Rent paid	6,625
Light and power	2,375
Sundry Expenses	10,625
Sundry Creditors	38,125
	1,08,000

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