Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cheque and draft
- 34 Answers
- 126763 Views
- Bank Of America, Bank of Baroda, BoA, MBA, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nitesh
# 25 There are many difference between cheque and dtaft
1. to issue cheque u have to an account in bank .
but in case of Darft it not neccessarily that u have an a/c
in bank .
2. for issueing cheque u have nothing to paid in bank .
in case of draft u have to paid the some money to make a
draft to bank .
3. CHEQUE IS USING FOR BOTH A INDIVISUAL PERSON AND A AN
ORGANIZATION BUT DRAFT IS ISSUED ONLY IN FAVOUR OF AN
ORGANIZATION
4. for chewue we have to cheque book but for draft there is
a vocher given from cheque .
5. in case of issue a cheque we need not go to the bank if
we have cheque book
but to make a draft we have to go the bank .
6. in case of cheque the amount in the a/c must compulsary.
otherwise cheque will be bounce .
but in case of draft its not compulsory we can issue a
draft to giving money to the banker .
&. draft is more secure than cheque because if there is
sign in cheque any one can cash the cheque .
but in case of the draft ts only given to the person or
organisation in which favour its made
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / amit rastogi
THE BASIC DIFFERENCE IS DEMAND DRAFT(DD) DO NOT REQUIRE A SIGNATURE IN ORDER TO BE CASHED WHILE CHEQUE REQUIRED.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / ajaz
Both are neegotiable instruments and are payable on demand
| Is This Answer Correct ? | 49 Yes | 56 No |
Answer / bhavesh
what is the difference between cheque and draft
| Is This Answer Correct ? | 2 Yes | 12 No |
how to match closing balance and opening balance of bank statement & closing balance and opening balance of bank reconcilation statement ?
What Is error of totalling? plz provide the neccessary notes?
What is vouching?
What are non-cash impairment charges?
company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
WHAT IS THE USE OF RATIO ANALYSIS
20 Answers HBL Power Systems, Satyam,
Explain the difference between internal audit and external audit?
What are examples of Factory Overhead?
What is the motivation to join as an auditor @ Ernst and Young ?
Explain how to do an internal audit effectively?
What is external audit?
Audit 
