0
It depends. It is not mandatory for retail shop owners to accept payment by means of a cheque because there is no guarantee that the cheque will get paid. What if you don't have enough funds in your account and the cheque gets rejected? So shop owners might demand payment through cash or through a credit card for groceries.
However, if the show owner is someone you know personally and they trust you, they can accept payment by cheque. It is their judgment and decision whether they want to do it or not. It is not mandatory.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who are the staff that check when a customer pay by cheque?
Who are the staff that check when a customer pay by cheque?
Who are the 3 parties to a check?
A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.A cheque is an order, "pay such-and-such an amount to the name of...". It is an order for a bank to pay it. I guess that if I extend a cheque in your name, the three parties are the one who extends the cheque (I in the example), the one who will receive the money (you in the example) and my bank.
What column does a dishonoured cheque in accounts receivable go?
what is the entry if i pay creditors with a cheque and the cheque is not honored
Did you pay by cheque or .. cash?
in
Define third party check?
Say Jack has a cheque from Bob, and Jack wants to pay walmart with that cheque...that would be a 3rd party check. Essentially it would be a cheque you are using (with the permission of who ever owns the cheque) to pay someone, so the owner of the cheque would be the 3rd party since they are outside of the acutal transaction betwen you and who ever you are paying. Hardly anywhere will accept a third party check because of the high risk of fraud. ---- If somebody gives you a check, and you turn it over and write "pay to the order of ____" in order to give it to a third party, that makes it a third party check. An example would be using your paycheck to pay for your groceries.
Can you pay by paypal at tesco online groceries?
no
What is good for payment cheque?
Bank gives surety or guarantee to pay the money to beneficiary of the cheque endorsed by bank. Customer (drawer) has to pay certain charge to make a cheque Good for Payment. The payable amount is segregated from the balance to reserve once it endorse. This cheque is authorized by the banker to be Good for Payment. Customer can request bank to prepare manager's cheque, cashier's cheque, banker's cheque or cheque on selves instead of good for payment
When does a cheque bounce?
When either of the below happens: * Not enough funds in the account to pay the cheque * Signature of the cheque issuer does not match with the signature in the cheque * Cheque is expired (Date of cheque is before 6 months from date of deposit) * There are any over-writings in the cheque without being counter signed by the cheque issuer.
What is dishonored cheque?
A cheque is an unconditional order to the Bank by its customer ( account holder) to pay a sum of money to a person named in the order, if the cheque is drawn ( written) correctly. If such a cheque is presented to the banker, and if the order is not honoured by the banker, then the such a cheque is known is dishonoured cheque.
Difference between pay order and cheque?
A pay order, is a banker's or cashier's cheque. It is guaranteed to be paid by the bank and is the preferred method of payment for larger purchases such as cars and homes. A cheque is written directly on a customer's account and is not guaranteed by the bank.
How do you deal with the dishonoured cheque?
You can do two things: a. Ask the person who gave you the cheque that bounced (got dishonored) to pay you again. If they agree then well and good. b. If they refuse to pay, then you can file a police complaint against the person who gave you the bounced cheque and request the authorities to get you the money you were supposed to get through that cheque.
What is a cheque?
A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the cheque (provided the account has sufficient balance) from the bank where the cheque issuer holds his account.
