889 views
4 votes
What is a dishonored cheque? Give six reasons for dishonoring the cheque. (iv) (v) (vi) What do the following abbreviations stand for? (1) : (iv) (1) (ii) Co... COD .... Inv... B/d.... Chq .... (v) Give three advantages of centralized filing. [1] [2] [6] [5] [3] (ii) (c) In relation to office etiquette, answer the following by choosing the best word or phrase from the lost below. (i). Courtesy is a quality of ......... [5]​

User Leohxj
by
8.2k points

1 Answer

3 votes

Answer:

Step-by-step explanation:

A dishonored cheque is a cheque that the bank refuses to honor or pay because of certain reasons. Here are six common reasons for dishonoring a cheque:

Insufficient funds: When the account holder does not have enough money in their account to cover the amount written on the cheque.

Irregular signature: When the signature on the cheque does not match the signature on the account holder's records.

Stale cheque: When the cheque is presented for payment after a certain period (usually 3 to 6 months) from the date of issue.

Post-dated cheque: When the cheque is dated for a future date and is presented for payment before that date.

Account closed: When the account on which the cheque is drawn is closed before the cheque is presented for payment.

Alterations or discrepancies: When there are changes or discrepancies in the amount written in words and figures or when there are alterations or erasures on the cheque.

Abbreviations:

(iv) - abbreviation for "in view"

(1) - abbreviation for "line"

(ii) - abbreviation for "page"

Co. - abbreviation for "company"

COD - abbreviation for "cash on delivery"

Inv. - abbreviation for "invoice"

B/d - abbreviation for "brought down"

Chq - abbreviation for "cheque"

Advantages of centralized filing:

Easy retrieval: With all files stored in a central location, it is easier and faster to retrieve the required files when needed.

Consistent filing system: A centralized filing system ensures that all files are organized and filed in a consistent manner, making it easier to locate files and avoid misfiling.

Space-saving: Centralized filing reduces the need for multiple filing cabinets or storage spaces in different areas of the office, saving valuable office space.

In relation to office etiquette:

(i). Courtesy is a quality of professionalism.

User Yawar Murtaza
by
8.1k points