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WAEC Commerce 2023 Question 21

Question 21

Banking

Use the diagram below to answer questions 20 to 22.
[Figure: a crossed cheque on Mawoolu Bank, Banjul, dated 24-04-23, Pay Kaslim Olatosu or order, D200,000, Two hundred thousand dalasis only]
The two lines on the instrument shows that it is

Diagram for this question
  1. A.paid
  2. B.crossed
  3. C.cancelled.
  4. D.altered.
Show the answer and explanation

Answer: B (crossed)

Explanation

Two parallel lines drawn across a cheque make it a crossed cheque, which must be paid into a bank account.