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WAEC Commerce 1999 Question 28

Question 28

Banking

The counterfoil of a cheque book enables the drawer to

  1. A.request for a new cheque book
  2. B.reconcile his books of accounts
  3. C.know who the debtors are
  4. D.obtain an overdraft from the bank
Show the answer and explanation

Answer: B (reconcile his books of accounts)

Explanation

Counterfoils record cheques issued, helping the drawer check his records against the bank statement.