Answer / tejeswini

Draft can be issued only by the bank and not account
holder.whereas cheque can be issued by the account holder
and not the draft.

Answer / navas ca

draft can be issued only by the bank,whereas cheque can be
issued by the account holder.

Answer / suresh

A draft or a payorder is issued by a scheduled bank as per
RBI guidlines on behalf of an account holder of that bank
branch, this is valid for 6 months from the date of issue
and is a negotiable instrument, this can be cancelled only
by ths issuing branch and guarantees payment to the Payee,
the Draft/Payorder is 100% honoured, as the bank has
already collected the money from the account holder and has
guaranteed payment to the payee.

A Cheque is issued by an account holder of a bank, this is
alos valid for 6 months from date of issue but cannot
guarantee payment, the cheq can bounce due to many reasons
(no funds in a/c, signature missmatch, etc)

diff between eqiuty share & preference shares

2 Answers   Capital IQ,

---

what is tax?

51 Answers   CRP, Genpact, Kotak, Xpitax, Zenta,

---

WHAT IS A SHARE?

16 Answers   India Infoline,

---

What is direct expenses

7 Answers   CoreEL,

---

When and who prepares Letter of credit and is any relation with bill of exchange? pleas breaf with examle.

3 Answers  

---

what is day book and how it is different from ledger

8 Answers   Infosys, Telco,

---

WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

0 Answers  

---

I am poor in written test. i ever qualify in written test so please keep a bank of america model paper

5 Answers   BACS, Bank Of America, Capital IQ, Genpact, ICICI,

---

EXPAND___________JPC

1 Answers  

---

What is the journal entry for reverse the late payment of loan from the bank A.

1 Answers   Bahani Tea, Ocwen,

---

What is the Full Form of ACCOUNT ?

21 Answers   Accounting, Aegis,

---

How do you plan to achieve these goals

0 Answers   Agilent, GSK, GSK GlaxoSmithKline,

---