Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
case study
#1
A cheque has been received by the drawee bank in local
clearing. At that time the account has clear balance to meet
the cheque amount. However, it has been observed that the
Words and Figures differ. The cheque contained Rs
Twenty two thousand two hundred and twenty two in
words but in figures read as Rs.2222/- Bank has to

a. Make the payment
b. Return the instrument
c.. Make payment for only Rs22222/- as per words
d.. Act as a prudent banker
Reply




Users browsing this thread: 1 Guest(s)