Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cheque and draft
- 34 Answers
- 127893 Views
- Bank Of America, Bank of Baroda, BoA, MBA, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nitesh
# 25 There are many difference between cheque and dtaft
1. to issue cheque u have to an account in bank .
but in case of Darft it not neccessarily that u have an a/c
in bank .
2. for issueing cheque u have nothing to paid in bank .
in case of draft u have to paid the some money to make a
draft to bank .
3. CHEQUE IS USING FOR BOTH A INDIVISUAL PERSON AND A AN
ORGANIZATION BUT DRAFT IS ISSUED ONLY IN FAVOUR OF AN
ORGANIZATION
4. for chewue we have to cheque book but for draft there is
a vocher given from cheque .
5. in case of issue a cheque we need not go to the bank if
we have cheque book
but to make a draft we have to go the bank .
6. in case of cheque the amount in the a/c must compulsary.
otherwise cheque will be bounce .
but in case of draft its not compulsory we can issue a
draft to giving money to the banker .
&. draft is more secure than cheque because if there is
sign in cheque any one can cash the cheque .
but in case of the draft ts only given to the person or
organisation in which favour its made
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / amit rastogi
THE BASIC DIFFERENCE IS DEMAND DRAFT(DD) DO NOT REQUIRE A SIGNATURE IN ORDER TO BE CASHED WHILE CHEQUE REQUIRED.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / ajaz
Both are neegotiable instruments and are payable on demand
| Is This Answer Correct ? | 49 Yes | 56 No |
Answer / bhavesh
what is the difference between cheque and draft
| Is This Answer Correct ? | 2 Yes | 12 No |
What is the role of internal audit?
What should i give answere when interviewer ask me to tell me about your self ? plz reply
How Will U Verify in Salaries whether TDS is deducted or not?
What motivates you?
5 Answers Ernst Young, Fidelity,
What techniques used during an audit?
HOUW MANYTYPES OF STOCK MAINTEIN BY STORE KEEPER WE ARE A MANUFACTURING CO WE SEND SOME PARTS TO PARTY FOR JOB WORKS ( EXP ) TILL 31ST MARCH STOCK ARE NOT RETURN TO US. CAN I CALCULATE THIS PARTS FOR STOCK CALCULATION FOR STOCK CERTIFICATE FOR THE PURPOSE OF ANUAL VAT RETUEN FILE IN SALES TAX DEPARTMENT
accounting & audit system of film production enterprises
Expand---------BPR
what is the accounting
what are the golden rules for accounts receivable?
why you want be a qs
hi i want to know the due date for payment of work contract tax in himachal pradesh ? If last date is Gazated holiday
Audit 
