Challenger App

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:

Overnight cash retention limit has to be fixed based on :
The process of recording the dual aspect in a business transaction is called _________
The term depletion is related with ........... Assets.
Capital a/c is a _________ account
There should be no entry in the books of accounts without a :