NABTEB Book Keeping 2015 Objective — Question 21

Question 21 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

A cheque drawn and made payable at a time within the year is

A. an order cheque
B. a bearer cheque
C. a stale cheque
D. a post-dated chequeCorrect

Explanation

A post-dated cheque is one made payable at a future date within the year, rather than being payable immediately.

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