Question 7
BankingA stale cheque is one on which the date for payment is
- A.overdue
- B.yet to come
- C.missing
- D.due
Show the answer and explanation
Answer: A (overdue)
Explanation
A stale cheque is more than six months past its date, so it is overdue.
A stale cheque is one on which the date for payment is
Answer: A (overdue)
A stale cheque is more than six months past its date, so it is overdue.