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What is counterfoil?

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Anonymous

10y ago
Updated: 7/4/2022

Depending on what it is a counterfoil of, it is most likely the stub part of a cheque book, postal order, money order, etc, where the details of the transaction are recorded.

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Related Questions

What is the cheque counterfoil?

The cheque, or check, counterfoil is the part of the check that is kept by the issuer and it serves as a record of a transaction. The counterfoil is also called a stub.


What is another name for counterfoil?

i think it is "stub"


What is a counterfoil?

Depending on what it is a counterfoil of, it is most likely the stub part of a cheque book, postal order, money order, etc, where the details of the transaction are recorded.


In terms of accounting what is a Paying in slip counterfoil?

i do not now


What is the name of remaining part of the cheque?

The stub or counterfoil.


What is a No Dividend Counterfoil?

A payment to your account from shares held by you.


What is the source document for the cash payments journal?

Cheque


Why do cheque have a counterfoil?

A cheque has a counterfoil to serve as a record for the account holder, providing details of the transaction such as the date, amount, and payee. This helps in tracking expenses and maintaining accurate financial records. The counterfoil also aids in reconciling bank statements, ensuring that all issued cheques are accounted for. Additionally, it can serve as proof of payment if disputes arise.


What is the purpose of a check counterfoil?

A ecord on payment between two people or a bank


What is the uses of Cheque counterfoil?

The cheque counterfoil serves as a record for the issuer, providing a copy of the transaction details such as the date, amount, and payee. It helps in maintaining accurate financial records and tracking expenses. Additionally, the counterfoil can be used for reconciliation purposes, allowing the account holder to verify that the cheque has been processed and deducted from their account. It also serves as proof of payment in case of disputes.


Is withholding tax Challan form copy required for depositing Challan in bank?

Each tax payment that you make at the bank must be accompanied by the correct Challan. The bank gives you the counterfoil (stub) and keeps the rest of the Challan. Keep the counterfoil for your records because it has the Challan Identifiction Number that uniquely identifies your tax payment. Go to the India Income Tax Department website at incometaxindia.gov.in to print Challans.


What is the resale value of a 1960 sixpence British postal order complete with counterfoil?

value of 3 consecutive 6d postal orders issued in Hunningham, warwickshire october2 1966