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JAMB Accounting 2011 Objective — Question 11

Question 11 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The process of reconciling cheques between banks is termed cheque

A. A. clearingCorrect
B. B. truncation
C. C. holding
D. D. confirmation

Explanation

The process of reconciling cheques between banks is termed cheque clearing.

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