Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between cheque and draft
- 34 Answers
- 125489 Views
- Bank Of America, Bank of Baroda, BoA, MBA, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is non statutory audit?
Do you know the different types of audits?
is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me
What is the difference between internal audit and statutory audit?
May deduct TDS Froma reseller ?
Do you know what are the reasons for getting audited?
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
for how much loan a borrower has to submit QIS
What is vouching?
what is the PRPOER way of accounting salaries ETF EPF
How can scope of internal audit help you?
What do you know about KPMG?
How to Computation Advance Tax For First Quarter
What is CARO 2003? What do you mean by management audit?
What is audit control procedure?
