Question

The company deposited a cheque of Rs.15200 but this was not cleared by the bank yet. As a result

Answer 1

Answer:

where is the rest of the question

Answer 2

The reasons why the bank does not clear a bank cheque;

• Insufficient funds: The cheque amount is more than the free balance available in the drawer’s bank account.
• Distinctive signature: The signature of the drawer on the cheque does not match the specimen signature available with the bank.

• Stale and post-dated cheques: A cheque presented 3 months from the date written on it or illustrated before the date written on it.
• Alterations: No alternation is permitted in the payee name, the amount in words or in figures. The drawer signs are near it to verify any other alteration.
• Frozen account: If a court or government orders that a customer’s account has to be frozen, the bank will not consider any cheque presented on behalf of that particular customer.

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