alleryStart learning →A cheque is a type of
ALetter of credit
BShare warrant
CDebenture bond
DBill of exchange
Answer & Solution
Correct answer: D. Bill of exchange
A cheque is a bill of exchange drawn on a bank and payable on demand.
Keep practising Bank Reconciliation Statement
Browse all Bank Reconciliation Statement questions for CA Foundation, or explore more Accounting topics.
Related questions
Passbook exceeds the cash book. Which is the likely cause?After reconciling, differences caused by the firm's own errors are fixed inCustomers commonly use bank statements toWhich is not a usual reason for a cash book and passbook difference?A discrepancy found during reconciliation may be recorded as aThe purpose of account reconciliation under GAAP is to provideIssuing a cheque without adequate funds and depositing cover later is calledMICR information on cheques mainly supports