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What is a cheque
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Answer / suresh kumar
a bill of exchange drawn on a specified banker and payable
on demand
| Is This Answer Correct ? | 100 Yes | 28 No |
Answer / vijaya kumar
Cheque is a negotiable instrument. It can be purchase or
sold through bank by a account holder to a bank.
| Is This Answer Correct ? | 54 Yes | 26 No |
Answer / vikas baheti
when the cheque issued then it comes under the nagotiable
instrument act 1981 , and cheque issued by a holder for a
demand by the public and bankers , Cheque can be bounce and
can be a refund by the banker for a many way.like a sign
mismatch , not suffcient balance in the account holder, etc.
| Is This Answer Correct ? | 36 Yes | 15 No |
Answer / naga srinivas
A cheque is issued by a person from his personal account.
The bank will not honour the cheque if sufficient balance
is not there in your account.
| Is This Answer Correct ? | 27 Yes | 14 No |
Answer / peter abubakari
a cheque is a negotiable instrument signed by a drawer
instructing a bank to pay on demand to a named payee or a
berrer an amount written
on the face of the cheque.
| Is This Answer Correct ? | 10 Yes | 4 No |
Answer / ashley
A cheque is a negotiable instrument signed by a drawer
instructing a bank to pay on demand to a named payment or a
berrer an amount written.a bill of exchange drawn on a
specified banker and payable
on demand.Check is just a paid or paper throught to collect
the money and its issue a banker to facilate our account
holder.Cheque is an Instrument to payments for state to
state by easier way.A cheque is issued by a person from his
personal account.
The bank will not honour the cheque if sufficient balance
is not there in your account.when the cheque issued then it
comes under the nagotiable
instrument act 1981 , and cheque issued by a holder for a
demand by the public and bankers , Cheque can be bounce and
can be a refund by the banker for a many way.like a sign
mismatch , not suffcient balance in the account
holder.Cheque is a negotiable instrument. It can be
purchase or
sold through bank by a account holder to a bank.
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / dayali
a cheque is a written order istructing a financial
intitution(bank)to pay a spicific amount of money on demand
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / lalitha
It is a negotiable instument which uses for making payments.
It is drawn on a particular bank for particular amount. The
bank may make payment either on demand or beerer of that
cheque.
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / ashley-joe fisher
a cheque is an instrument used to recieve or pay money
specific sum of to a bank but is supervised under porper
security.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / sathyam.konda
it is an instrument, by means of whick adepositor can order
the bank to pay a certain sum of money only the order of a
person or to the bearer of the instrument.
| Is This Answer Correct ? | 19 Yes | 18 No |
i have completed my b.com gradution i want to expert in audit and taxation for this which course should i do
State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100
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