Client can take money from bank on the security of post dated cheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
cheque of is a right grammar!
Yes. A Single cheque is also called a cheque leaf
Cheque Leaf means s singhal cheque of your chequebook.
honoured cheque
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
IRR
Explain discounting of accounting policies
Are the terms off-price and discounting interchangeable? Explain.
To check a cheque, you must check if the cheque is checked by checking the checked cheque of checking a checked cheque as a checker.
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
cheque of is a right grammar!
Yes. A Single cheque is also called a cheque leaf
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.
Cheque Leaf means s singhal cheque of your chequebook.
honoured cheque
cas cheque