App Logo

No.1 PSC Learning App

1M+ Downloads
The drawee banker of a demand draft has received intimation of the loss of the draft from the purchaser. The Banker should :

AExercise caution

BIssue a duplicate draft

CStop payment

DRefuse to accept notice

Answer:

C. Stop payment


Related Questions:

Capital and drawings are accounted in
A share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited. The capital account should be debited with:
________ means a situation where a company does more business than what its finance allow
Which among the following is not a technical error?
Cost of goods sold plus gross profit is equal to :