Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cheque and draft
- 34 Answers
- 126931 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 |
what are the types of audit programme?
What aspects interest you in the field of auditing ?
What are the different types of audits?
which of the following types of risks assumes an absence of compensating controls in the area being reviewed?
What is the meaning of STP?
15 Answers IBM, STP,
How Will U Verify in Salaries whether TDS is deducted or not?
what is journal for Credit purchase
9 Answers Ernst Young, Genpact,
Dividend Received From A Company Is a Indirect Income or It Should be treated as capital revenue?
credit purchases
Fill the missing amounts on the basis of the accounting equations; Sl.no Assets liabilities Capital 1 20000 15000 ? 2 ? 15000 10000 3 10000 ? 8000
If the wording of a governing document of a non-company charity requires accounts to be audited, does this mean statutory audit?
what are the golden rules for accounts receivable?
Audit 
