The letters R/D on a cheque shows that the cheque is
...The letters R/D on a cheque shows that the cheque is
paid
dishonoured
certified
accepted
Correct answer is B
RD on a cheque means ''Refer to Drawer''
This means the cheque cannot be honored due to one reason or the other, which in this case could be a result of insufficient funds in the bank account.
Hence the bearer of the cheque is referred back to the account holder/owner.
The functions of credit and thrift society does not include ...
Who is liable for the contract entered into the agent on behalf of his principal? The ...
In Nigeria, the main source of pollution is? ...
What is the net working capital? ...
Management of a business involves the development of ideas for the ...
Fluctuations in the supply of goods may be eliminated if the distribution system maintains? ...
The bulls and bears in the Stock Exchange market help to minimize ...
The document that gives an importer freehand to obtain goods form any manufacturer is ...
Which of the following is sent in reply to a letter of enquiry? ...
The type of advertising that influences consumer's choice of products is ...