NECO Book Keeping 2015 Objective — Question 21
Question 21 of 40 from the National Examinations Council (NECO) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
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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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