Understanding and Voiding Checks

Understanding and Voiding Checks

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might someone need to void a check?

To correct a mistake on the check

To change the bank account number

To make it redeemable

To increase the check amount

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of voiding a check?

To change the payee

To increase the check's value

To make it non-redeemable

To alter the check number

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you use to write 'VOID' on a check?

A red pen

A blue or black pen

A pencil

A highlighter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you avoid writing over when voiding a check?

The date

The memo line

The payee's name

The check number

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to keep a copy or picture of a voided check?

To use it for another transaction

To have a reference in case of discrepancies

To verify the check number

To send it to the bank

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