what is the distinction between Bill of Exchange and a
Cheque
- 5 Answers
- 14588 Views
- I also Faced
- E-Mail Answers
Answer Posted / eshan goyal
Bills: may be drawn on an person includig a banker.
cheque: must be drawn only on a specified banker.
Bills:It is entitled to 3 days grace period in some cases..
Cheque: is not entitled to any days of grace..
Bills: no concept of crossing exsits..
Cheque: A cheque may be crossed either generally or
specially..
Bill: it cannot be countermanded, before the payment by the
drawer
Cheque: it can be countermanded by the drawer before the
payment..............
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
What is the important of cash in a business unit
What is the difference between Deffered Tax Assets & Deffered Tax Liabilities
what is difference between account and accounting
fiscal year variant Vs posting period variant
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
Expand---------PED
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
how there face in lvbank interview
how to maintain E-Commerce companies accounts
can i have practical examples of AS-30
What is the difference between income statement & Profit&loss A/c?
what is the difference between financial accouning and financial management?
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
