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what is the difference between pay order and demand draft?
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Answer Posted / raju
Pay order means which is paid within the city/it's paid in
local limits.. But demand draft is paid in out of
station/other than local limits.
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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