A Forges His Signature on a Cheque Made in Favour

question 63

Multiple Choice

A forges his signature on a cheque made in favour of B,who then endorses it to the order of C.C then endorses the cheque to the order of D,who has no way of knowing that the cheque has been forged.In this case

• A)D is the holder in due course of the cheque.
• B)D is the payee of the cheque.
• C)D is the endorser of the cheque.
• D)D is not a holder in due course of the cheque.
• E)D is the assignee of the cheque.

Recognize the purpose and structure of subsidiary ledgers and their relationship with the general ledger.

Comprehend the principles and phases involved in setting up or changing an accounting system, including analysis, design, and implementation.

Distinguish between different processing methods in accounting and their significance.

Identify the importance and process of reporting financial information accurately.

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Definitions:

Low Concern

A state or situation in which there is little to no interest or emphasis placed on a particular issue or element.

Initiating Structure

A leadership behavior characterized by the leader defining and structuring his or her role and the roles of subordinates, aimed at establishing well-defined patterns of organization and communication.

Leadership Behavior

The actions, attitudes, and methods used by a leader to motivate, influence, and guide their followers towards the achievement of goals.

Defining The Relationship

The process of discussing and agreeing upon the nature and terms of a relationship, often used in personal contexts.