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Why to use check?
You use cheques as a a substitute for cash when you don't have enough cash in hand. You can use cheques at banks, shops etc. Cheques are negotiable instruments that can be treated at par with cash.
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
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.
Are cheques included in cash flow statement?
Yes, cheques are included in cash flow statements. Currency and coins are counted as well when balancing accounts receivable.
In the early 1900s what did they pay wit?
Cash or cheques.
How do you cash travellers cheques in accrs?
When traveling to Accra, Gahna, it is wise to carry travelers cheques with you. There are several places to cash them, such as hotels and banks and bureas that have the Forex system available.
Why bank statement does not agree with cash book balance?
1. because of uncredited cheques 2.because of unpresented cheques
What happens if a pay cheque you are given bounces?
You can ask for a fresh cheque/cash. If your employer is not willing to do so, you can sue your employer for issuing you bogus cheques or cheques with not sufficient cash in the account.
Are the NYC tkts booths cash only or is debit or credit allowed?
they are cash and travelers cheques only
What are the reasons for differences between bank statement balance and cash book and passbook balance?
This is due to certain errors in the entries. That is the bank and cash books. Some of these errors are addition. When there is unpresented cheques and uncredited cheques.
Can you write a casino a personal check an get cash back?
This is becoming rare and you have to by chips and redeem the chips. Most Casinos no longer accept cheques with the exception of Payroll Cheques, and they have to real company cheques, not hand written.
Difference between a cash book balance and bank statement?
1.cheques issued to creditors but not presented for payment 2.cheques recieved from debtors depositted in to bank and not credited by the bank 3.cheques written and entered in the pass book but not issued by mistake 4.cheques received and entered in the pass book but not depositted in to the bank
