Difference between a pay-order and draft?

Answer Posted / v p narasimhan

A Pay order is a banker's chq since drawn/payable locally
whereas the draft can be taken any part of the country.

Is This Answer Correct ?    65 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is commodities transaction tax a permissible business expenditure? Explain

1709


Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj

1182


why did rbi hiked repo and reverse ratio and how it will effect the market

1378


what is accounting in automobile

1688


to attend interview for real estate company accounts

1546






i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

1808


Who will be called as consignee

1615


Provision of Bad Debts is made in compliance with the convention of -----------

1441


What is SOX

1683


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1718


What are the types of journal categories available in the Oracle AP?

1652


give the examples of Error of Duplication?and Error of compensatin? with entries

3996


Depreciation method to using Indian company names

1586


Which Exchange determine Foreign ?

1584


Take me through the entire vendor cycle.

1514