what is the difference between pay order & D.D.?
- 12 Answers
- 77000 Views
- DCB Bank, ICICI, Krishi Bank, I also Faced
- E-Mail Answers
Answer Posted / hasan bin naseer
PAY ORDER:
The Pay Order is a cheque issued by the bank in favor of a
beneficiary. It is also known as the Cashiers Cheque or the
Managers Cheque. It is issued only against cash by cheque
which is debited immediately. It is payable within the
city. Pay Order Cheques generally honors when they maintain
sufficient balance. Charges for Pay Order are often high
while in case of Demand Draft they are low.
DEMAND DRAFT:
Whereas, Demand draft is issued by issuing branch in the
name of beneficiary. It is presented on drawee branch on
which it is drawn. It can be used intercity (within city)
and intercity (out of city) mean in a country. Charges for
Demand Draft are low.
CONCLUSION:
Both are secure and cannot be bounced or rejected, both are
just like cash which can be deposited in payee account.
| Is This Answer Correct ? | 13 Yes | 4 No |
Post New Answer View All Answers
Short Answer on _________________City Compensatory allowance
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
What are different types of reports made in tally
you went outside to purchase vegetagles, suddently big rain came then what you will do
What are the things are not Included in Annual Reports?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
what are all the formulas used in bank to calculate their economy
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
Who is the maker of the promissory note
What's the meaning of Preferential Creditor?
Expand-------ANC
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
why you choose accounting as your career ? ?
What part can management policy play in the analysis of cost behaviour?
am attend to bank exam(iob)pls send model questions
