Commerce Paper 2, Nov/Dec. 2007

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Commerce Paper 2, Nov/Dec. 2007

Questions:	1	2	3	4	5	6	7	8	9	10	Main

General Comments
Strength
Weakness/Remedies

Question 7

(a)Draw a specimen of a cross cheque of XYZ Bank:, date 1Oth October 2007 for N10,000, payable to John Nda
(b)State four reasons why a cheque is dishonoured.

_____________________________________________________________________________________________________

observation

The question (7a) was not popular among the candidates. But few of them who attempted the question made an impressive performance. Below is the specimen of a cheque required for answer to the question.

XYZ BANK PLC
1st October, 2004
Pay...........................John Nda............................. or order

..............Ten thousand naira only 10,000........................................

ACCOUNT NO. 000006 ........................................
SIGNATURE