when a cheque is returned by the bank showing some technical reason is known as?
a. honor of cheque
b. balance of account c. dishonor of the cheque
d.None of these what is the answer
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3
Answer:
c. dishonour of cheque.
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0
Answer:
When a cheque is returned by the bank showing some technical reason is known as option c. dishonour of the cheque.
Explanation:
- Dishonour of cheque means when the bank returns back the cheque because of some technical issues in it.
- The issues can to overwriting of words in the cheque, an insufficient amount of balance in the bank account, wrong details given in the cheque, or other issues.
- Bank discards or dishonours these types of cheques and doesn't accept them.
- Only if there are no mistakes or issues in the cheque, then only it is accepted by the bank.
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