Interested to Buy Any Domain ? << Click Here >> for more details...
if anybody tell me difference between DD, PO & Cheques
- 6 Answers
- 34649 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay krishna y
Hi,
DD (Demand Draft) and Payorder of the same nature and
cannot be bounced with the financial reasons (or made stop
payment) as the value of the instruments was received
already by the Bank. The difference between this two is
Payorder would be issued in the CITY only. DD can be issued
on the other city.
Cheque can be issued to within the City or other than that
city. Cheque can be returned with the financial reasons.
| Is This Answer Correct ? | 27 Yes | 4 No |
Answer / b.v.k.siva prasad
DD=DEMAND DRAFT
1.IT IS PURCHASED BY PAYING CASH IN ANY BANK TO ENABLE YOU
OR OTHERS TO DRAW THE CASH ON PRESENTING THIS INSTRUMENT AT
A SPECIFIED BRANCH OR THROUGH CLEARING.
PO= PAY ORDER
IT IS ALSO AN INSTRUMENT PURCHASED BY PAYING CASH BUT COMES
BACK TO THE SAME BRANCH FROM WHERE IT WAS ISSUED FOR PAYMENT.
CHEQUE :
CHEQUES WERE ISSUED BY ACCOUNT HODERS FOR PAYMENT TO SELF
OR TO OTHERS WITH OR WITHOUT BALANCE IN THE ACCOUNT.
ALL THESE INSTRUMENT ARE NEGOTIOABLE INSTRUMENTS UNDER N.I Act..
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / suresh
DD PAYABLE ALL BRANCHES FOR INTERSTATE & PARTY ACCOUNT
DEBIT NO ANY CHANCE FOR BOUNCEING , PAY ODER MADE ONLY
DELHI (NCR ) THAT SAME CONDITIONS AS DD & CH.PAYABLE ALL
BRANCHES AS
| Is This Answer Correct ? | 9 Yes | 6 No |
Answer / b.c.tewari
Demand Draft (DD)- Can issue for anywhere in India.The main
benefit of dd ,it could not be bounced.& loss,once we
issued the dd one can not stop it that means 100% gauranty
of payment.
Pay Order (PO)- Can issue for a limited states like
NCR.same benefits/losses as above.
Cheques- can issue to anyone.
| Is This Answer Correct ? | 12 Yes | 9 No |
Answer / adal
*DD & Chq is a Negotiable Instrument but PO is not.
*DD cant be stopped but Chq can be stopped
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / vijay krishna
The DD & PO are the instruments for which the value is
already received by the Bank. Hence cannot be marked under
stop payment. DD is drawn on other city locations and
payorder are drawn on the same location.
A cheque is a bill of exchange and can be returned by the
Bank as the value is not received by the Bank in case of
any monetary or technical reasons.
All the instruments are negotiable instruments.
| Is This Answer Correct ? | 2 Yes | 2 No |
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
how to introduce ourself
14 Answers Infosys, Kamkuo, Voltas,
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
How much is to be DEBT/EQUITY ratio to be a good company...???
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
What is shadow balance?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
can a real account shows a credit balance
what is meant by factorising
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
what are the golden rules of accounts and the items of personal accounts,real account,nominal accounts?
What is AR, AP, what transctions comes under this.
Audit 
