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Banking

This topic has 3 replies, 3 voices, and was last updated 6 years ago by sajid007.

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March 12, 2018 at 5:12 pm #442375
wishgirlgy
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- Topics: 7
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Can someone state the answer and why that is the answer.
Question
What is a bank mandate form?
A. This is an instruction to a bank to make a payment direct to a supplier?
B. A list of personnel within a company authorized to sign cheques.
C. Names and specimen signatures of individuals authorized to sign cheques supplied to a bank
D. A request to open a bank account
March 12, 2018 at 7:49 pm #442386
Tafadzwa
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- Topics: 1
- Replies: 1
B
March 14, 2018 at 2:16 pm #442583
wishgirlgy
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Anyone else have an input on this?
August 6, 2018 at 12:28 pm #466413
sajid007
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- Replies: 16
The Correct answer is C because a bank Mednate form usually contain the name and signature of a person who is/are authorized for signing cheaques for payments from an organization’s side and it will be sent to Bank as a kind of instruction
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