Dani signed a "Cheque" to the order of Rami with the value of $500 while his account only has $ 300. Rami presented the Cheque for collection, but it was returned to him by "BLOM BANK". When presented to BLOM BANK, which of the following statements must be stamped on the Cheque? *

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
Problem 9P
icon
Related questions
Question
Dani signed a “Cheque" to the order of Rami with the value of $500 while his
account only has $ 300. Rami presented the Cheque for collection, but it was
returned to him by "BLOM BANK". When presented to BLOM BANK, which of the
following statements must be stamped on the Cheque? *
O Refer to the court
Refer to the drawer
The drawer has no provisions
Insufficient funds
Transcribed Image Text:Dani signed a “Cheque" to the order of Rami with the value of $500 while his account only has $ 300. Rami presented the Cheque for collection, but it was returned to him by "BLOM BANK". When presented to BLOM BANK, which of the following statements must be stamped on the Cheque? * O Refer to the court Refer to the drawer The drawer has no provisions Insufficient funds
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Other payroll deductions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage