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Choose the Statement Which Is Most INCORRECT

Question 118

Multiple Choice

Choose the statement which is most INCORRECT. Cheques received through the mail should


A) immediately be endorsed "For Deposit Only."
B) be verified against the customer's bank balance. A clerk should call the customer's bank to ensure that the customer has sufficient funds to cover the cheque.
C) be deposited at the bank as soon as possible.
D) be "rung up" on a cash register immediately.

Correct Answer:

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