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cheques are sent for collection to the issuers bank and after if they clear the cheque the amount is realised and hence it is called subject to realisation.
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∙ 11y ago
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What is Subject to realisation?
cheques are sent for collection to the issuers bank and after if they clear the cheque the amount is realised and hence it is called subject to realisation.
What is subject to?
cheques are sent for collection to the issuers bank and after if they clear the cheque the amount is realised and hence it is called subject to realisation.
What do you mean by realisation?
Realisation
What methods can be used to deposit cash and cheques to a business bank account?
By usin cheques,it can be a cross cheques or open cheques
Why cheques are not considered as part of money supply?
what is a cheques
What has the author J J MacLaren written?
J. J. MacLaren has written: 'Bills, notes and cheques' -- subject(s): Negotiable instruments, Checks, Law and legislation, Bills of exchange, Promissory notes, Canada 'Maclaren's Bills, notes and cheques' -- subject(s): Negotiable instruments, Checks
Can cheques be falsified?
Yes. Cheques can be falsified but it is illegal. Only banks can issue Cheques to their customers. No one else is authorized or rather supposed to print Cheques. If anyone is found/caught printing/using bogus or fake Cheques they can be legally prosecuted and jailed for it.
What is the meaning of Non Micr cheques?
Defination for NON-MICR CHEQUES
What are personalised cheques?
When you order cheques/checks and have your name/address/phone number imprinted along with your bank name and account number on them, the cheques/checks are considered to be "personalised". ASAP Cheques/ASAP Checks Bank quality cheques/checks without bank prices, ready to ship in 24 hours.
How long does it take to clear travellers cheques?
travellers cheques do not have to be cleared, this only applies to regular cheques. travellers cheques are bought up front from a bank, so it is guaranteed cash to the person you are dealing with. If you should lose them or are stolen, the cheques are insured, so you will get your money back in a reasonable amount of time.
Why did shops stop taking cheques?
they have stopped taking cheques because of fraud of signatures.
Can you issue blank cheques?
The answer is a BIG NO. DO NOT issue cheques to anyone that does not contain a cheque value.
