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What is the difference between a good for payment cheque and a general cheque?
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What is the difference between cheque and voucher?
Cheque is both securities and payment instrument. Voucher is only securities. From securities point of view they are the same and have the same meaning. Cheque has larger scope.
Difference between unpresented check and stale check?
An unpresented cheque is one that hasnt been presented for payment yet. A stale cheque is one that has expired.
Difference between ordinary cheque and micr cheque?
hfcuyhalj,nx
What is the difference between a crossed cheque and account payee's cheque?
They both mean the same
Can you send a photocopied cheque in payment?
No, the cheque needs to be original.
What is the difference between cheque and voucher?
Cheque is both securities and payment instrument. Voucher is only securities. From securities point of view they are the same and have the same meaning. Cheque has larger scope.
Difference between unpresented check and stale check?
An unpresented cheque is one that hasnt been presented for payment yet. A stale cheque is one that has expired.
What is the difference between A current account and a cheque account?
what is difference between a current account and a cheque account
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.
Difference between order cheque bearer cheque?
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
Difference between ordinary cheque and micr cheque?
hfcuyhalj,nx
What is the Difference between cross check and bearer check?
In the case of a bearer cheque, the bank has to pay the person who is holding the cheque and presenting it for payment. In case of a crossed cheque, the bank will only credit the money into the persons bank account. They will not issue cash
What is the difference between a crossed cheque and account payee's cheque?
They both mean the same
Who can stop payment of cheque?
Owner of Cheque and/or Bank
What is the difference between endorsement and indorsement of a cheque?
None.
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
What is a countermanded cheque?
conutermanded cheque is the cheque which has been stoped payment....for some reasons
