aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Accounting Exams Online Practice Test
  • What endorsement consists of the words "For Deposit Only"
Multiple choice

What endorsement consists of the words "For Deposit Only"

  1. Blank

  2. Restrictive

  3. Special

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A restrictive endorsement limits the further negotiability of a check. Adding 'For Deposit Only' ensures the funds can only be deposited into the account of the payee.

Keep practicing — related questions

  • A check endorsement that limits further negotiating of the check. "For deposit only"
  • What type of endorsement consists of only a person's signature
  • An endorsement with just your signature on the back of a check.
  • A check endorsement that transfers ownership of the check to a new person.
  • Which of the following statements are correct regarding acceptance of deposits by banks? (a) Banks can refu...
  • Directions: The following question consists of a sentence followed by four words. Select the antonym of the...
  • 'Sans Frais' words are added at the end of the endorsement to indicate that
  • A cheque of Rs. 500 issued by Mr. A (a customer of your branch) favouring Mr. X is crossed as not-negotiabl...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Banking Services and Operations (1373 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy