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Who termed cripps proposals as 'a post dated cheque in a crashing bank'?
mohandas karamchand gandhi
Gandji used the tream a post dated cheque on a crashing bank to refer to?
These are not the exact words, Gandhi said '...THE OFFER IS LIKE A POST DATED CHEQUE, TAKE IT OR LEAVE IT AS IT IT'. Some over Enthusiastic journalist added the last part 'on a crashing bank'. Of course it doesn't matter becz,British Empirewas really a crashing bank then...:)
What is bank PDC cheque?
PDC = post dated cheque, the date the cheque may be cashed or banked is set in the future.
What is the meaning of cheque 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.
What is post dated chaque?
A Post Dated Cheque is one in which the cheque date will be after todays date. Let us say I give you a cheque today with date October 15th 2011, then it will be a post dated cheque. The point here is that you cannot cash that cheque before October 15th and it can be cashed only on or after the date written on the cheque.
Who termed cripps proposals as 'a post dated cheque in a crashing bank'?
mohandas karamchand gandhi
The Cripps Officer is like a post-dated cheque on a crashing bank Who said it?
John Maynard Keynes said this about the Cripps mission to India in 1942. He was referring to the inadequacy of the mission's proposals to meet India's economic needs effectively.
The leader who described cripps proposal as a post-dated cheque of a crashing bank was?
It's Mahatma Gandhi, the father of the nation described cripps proposal as a post dated cheque.
Gandji used the tream a post dated cheque on a crashing bank to refer to?
These are not the exact words, Gandhi said '...THE OFFER IS LIKE A POST DATED CHEQUE, TAKE IT OR LEAVE IT AS IT IT'. Some over Enthusiastic journalist added the last part 'on a crashing bank'. Of course it doesn't matter becz,British Empirewas really a crashing bank then...:)
What is bank PDC cheque?
PDC = post dated cheque, the date the cheque may be cashed or banked is set in the future.
What is the meaning of cheque 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.
Journal entry for post dated cheque?
Debit expenses / accounts payableCredit bank
What is the journal entry when post dated cheque issued to supplier?
debit accounts payablecredit bank
Mahatma Gandhi'sremarks - a post dated cheque on crumbling bank regarding which proposal?
Its for Cripps Mission in 1942
What is post dated chaque?
A Post Dated Cheque is one in which the cheque date will be after todays date. Let us say I give you a cheque today with date October 15th 2011, then it will be a post dated cheque. The point here is that you cannot cash that cheque before October 15th and it can be cashed only on or after the date written on the cheque.
Can a banker pass a post dated Cheque?
No.
What is a post date?
A post-dated cheque is a cheque, on which a future date appears and not a current date. For example, if today is 01/01/2012, then a cheque which bears a date (say) 15/01/2012 is a post-dated cheque, till that date (15/01/2012) comes. In other words, till 14/01/2012 this cheque will be considered as post-dated cheque. That is, the future date has not yet arrived (till 14/01/2012). On 15/01/2012, the cheque will be no longer a post-dated cheque, but becomes a current dated cheque.In India, a cheque should be presented for payment on or after the date that appears on the face of the cheque. This date is also called ostensible date.A banker cannot a pay a post-dated cheque as he has no mandate to debit the account of the depositor earlier than the date of the cheque. In other words, a post-dated cheque should not be paid and should be returned to the holder with the reason, "Cheuque is post-dated" as the payment of a post-dated cheque is fraught with dangers. Since payment of a post-dated cheque, as per Section of the 10 of the Negotiable Instruemnts Act, 1881, is not a payment in due-course, many banks in India will not make payment of the cheque.If any defect in the title of the payee is found later, the banker cannot claim protection and should make good the loss to the ture owner.M.J. SUBRAMANYAM, BANGALORE
