What is the Difference between A/C Payee Chq. and Bearer
Chq. ?
- 8 Answers
- 53723 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
in A/c payee cheque the name of the cheque holder having
right to withdrawn money where as in Bearer cheque any one
can withdrawn money who holding the cheque
| Is This Answer Correct ? | 73 Yes | 12 No |
Answer / khushbu thakral
In A/c Payee cheque the account of the concerned person is
must.But in bearer cheque the account of the concerned
person is not required.
| Is This Answer Correct ? | 32 Yes | 9 No |
Answer / nitesh chaubey
A/c payee chq.cannot be endorsed to other person and the money will be deposited in the a/c of favourable person not other person. But bearer chq. is the chq. through which any person can withrow money in cash and for this a/c is not necessary.
| Is This Answer Correct ? | 29 Yes | 9 No |
Answer / poonam
in A/C payee cheque money goes into account no money
withdrawl is is safe and can be transfered to third party,
while in bearer cheque encash at bank counter, it is risky .
| Is This Answer Correct ? | 16 Yes | 8 No |
Answer / rajpal singh rathore
A/c payee cheque have to deposit in the bank account of the
person, in favour cheque has been issued. But any person
can withdraw the money of bearer cheque from the cash
counter of the bank after signature on the back side of the
cheque.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / sreeshaila.k
A/c Payee Chaque only name of the chaque holder is having
right to withdrwn money, Bearer cheque any one
can withdrawn money who holding the cheque
| Is This Answer Correct ? | 11 Yes | 7 No |
Answer / rudraksh singh
In bearer cheque self is written in place of 'pay' but in ac payee cheque the name of the person is written to which we are depositing the money
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sunil kumr a h
A/C payee Chq - Only the name of the person mentioned in the cheque(Payee field) should collect the money into his account.(Order Cheque).
Bearer Chq - Irrespective of name of the person mentioned in the cheque(Payee field) i.e one who hold the cheque can collect the money into his account.
| Is This Answer Correct ? | 6 Yes | 9 No |
what is Depreciation
could you please tell me what CRR & SLR?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?
MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
What are three sectors of Economy?
what is the primary of for-profit organisation
You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.
0 Answers AXA Business Services,
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
What is the Account Receviable for Airport?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
Audit 
