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What is a cheque
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Answer / suresh kumar
a bill of exchange drawn on a specified banker and payable
on demand
| Is This Answer Correct ? | 100 Yes | 28 No |
Answer / vijaya kumar
Cheque is a negotiable instrument. It can be purchase or
sold through bank by a account holder to a bank.
| Is This Answer Correct ? | 54 Yes | 26 No |
Answer / vikas baheti
when the cheque issued then it comes under the nagotiable
instrument act 1981 , and cheque issued by a holder for a
demand by the public and bankers , Cheque can be bounce and
can be a refund by the banker for a many way.like a sign
mismatch , not suffcient balance in the account holder, etc.
| Is This Answer Correct ? | 36 Yes | 15 No |
Answer / naga srinivas
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.
| Is This Answer Correct ? | 27 Yes | 14 No |
Answer / peter abubakari
a cheque is a negotiable instrument signed by a drawer
instructing a bank to pay on demand to a named payee or a
berrer an amount written
on the face of the cheque.
| Is This Answer Correct ? | 10 Yes | 4 No |
Answer / ashley
A cheque is a negotiable instrument signed by a drawer
instructing a bank to pay on demand to a named payment or a
berrer an amount written.a bill of exchange drawn on a
specified banker and payable
on demand.Check is just a paid or paper throught to collect
the money and its issue a banker to facilate our account
holder.Cheque is an Instrument to payments for state to
state by easier way.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.when the cheque issued then it
comes under the nagotiable
instrument act 1981 , and cheque issued by a holder for a
demand by the public and bankers , Cheque can be bounce and
can be a refund by the banker for a many way.like a sign
mismatch , not suffcient balance in the account
holder.Cheque is a negotiable instrument. It can be
purchase or
sold through bank by a account holder to a bank.
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / dayali
a cheque is a written order istructing a financial
intitution(bank)to pay a spicific amount of money on demand
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / lalitha
It is a negotiable instument which uses for making payments.
It is drawn on a particular bank for particular amount. The
bank may make payment either on demand or beerer of that
cheque.
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / ashley-joe fisher
a cheque is an instrument used to recieve or pay money
specific sum of to a bank but is supervised under porper
security.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / sathyam.konda
it is an instrument, by means of whick adepositor can order
the bank to pay a certain sum of money only the order of a
person or to the bearer of the instrument.
| Is This Answer Correct ? | 19 Yes | 18 No |
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Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.
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