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Question

Which of the following is not true with regards to dishonor of a cheque?


A

Dishonored cheque is a cheque which is presented for payment and the drawer has insufficient fund in his or her account to cover the cheque

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B

Dishonored cheque is a cheque which is presented for payment and the drawer has sufficient fund in his or her account to cover the cheque

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C

The dishonored cheque is shown in the debit column of the bank statement

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D

The customer is still owing us the money as his or her cheque has been dishonored

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Solution

The correct option is B

Dishonored cheque is a cheque which is presented for payment and the drawer has sufficient fund in his or her account to cover the cheque


Dishonored cheque is a cheque which is presented for payment and the drawer has insufficient fund in his or her account to cover the cheque.


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