what is the difference between cheque and draft
- 34 Answers
- 117195 Views
- Bank Of America, Bank of Baroda, BoA, MBA, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / shahbaz
a cheque is issued by a person from his personal account.
The bank will not honour the cheque. If sufficient balance
is not there in your account. But a demand draft is issued
by a bank only when the amount of draft plus commission has
been paid to bank up front and in the case the payment
against the bank draft is guaranteed by the issuing bank.
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
What are the basic principles of an internal audit controlsystem?
Tell me that how I can evaluate the internal control audit?
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
What is vouching?
How to reconcile GST Tally and GST Portal ?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
What is CARO 2003? What do you mean by management audit?
Why does a systems auditor need to use professional judgement when selecting audit procedures?
Explain the difference between internal audit and external audit?
What is the mean of statutory audit?
Define decommission liability?
Explain different functions of internal audit?
what is the steel consumption per sq ft for ground plus 12 floors
How does the internal audit differ from an external audit?
1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.
