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What is cheque what facility does …

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What is cheque what facility does it offer
  • 3 answers

Kanna Biran 5 years, 4 months ago

Cheque is the return document of money

Student ✍️✍️✍️ 5 years, 4 months ago

Cheque is a medium of exchange good and commodities through a piece of paper. It is not a cass payment it is a paper payment.It is the modern from of money.

Yogita Ingle 5 years, 4 months ago

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A cheque is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been drawn.

  • The facility of cheque against demand deposits makes it possible to directly settle the payments without the use of withdrawal.
  • For payment through cheque, the payer who has an account with the bank, makes out a cheque of a specific amount.
  • The money is transferred from one bank account to another in a couple of days. The transaction is complete without any payment of cash.
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