what is the difference between pay order and demand draft?

Answers were Sorted based on User's Feedback



what is the difference between pay order and demand draft?..

Answer / raju

Pay order means which is paid within the city/it's paid in
local limits.. But demand draft is paid in out of
station/other than local limits.

Is This Answer Correct ?    1 Yes 0 No

what is the difference between pay order and demand draft?..

Answer / vishnu gopal kharche

PAY ORDER GET AFTER DEPOSIT THE AMOUNT & DEMAND DRAFT ALSO
GET AFTER DEPOSIT AMOUNT BUT PAY ORDER SHOULD TAKE THIS
LOCATION TO THAT LOCATION BETWEEN CITY & DEMAND DRAFT
SHOULD TAKE OUT OF STATION TRANSACTION.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting General Interview Questions

What is the marginal cost formula?

0 Answers  


how many type of vat

2 Answers  


Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

0 Answers  


What is Capital Commitments means?

0 Answers   JK Associates,


Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

0 Answers  






How to pass an general entry for materials which are stored in warehouses??????

0 Answers   General Motors GM,


what is cash on account?

1 Answers   DuPont, Genpact,


What is a Prepayment and Explain the accounting entries

0 Answers   Accenture,


What is the full form and the application of SAP?

67 Answers   DFAS, DynCorp, Ernst Young, Fashion Technology, Haier, LIC, Reliance, SAP Labs, SPS Group,


accounting concepts

2 Answers   Siemens,


what is the entry for toll gate fee

0 Answers   Finance, MMM,


calculation of coast of goods sold

6 Answers   Capital IQ,


Categories