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Why do cheque have a counterfoil?

Updated: 9/25/2023
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Q: Why do cheque have a counterfoil?
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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 the source document for the cash payments journal?

Cheque


What is the name of remaining part of the cheque?

The stub or counterfoil.


What is 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.


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.


What is a check counter foil?

Cheque counterfoils are cheques sent by companies to their customer, relating to their return on their investment (dividend). These cheques are always crossed to avoid negotiation. Counterfoil on its own is the document containing the trades of the business, revealing the profit and loss of the company.


What is another name for counterfoil?

i think it is "stub"


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

i do not now


What is a No Dividend Counterfoil?

A payment to your account from shares held by you.


What is the purpose of a check counterfoil?

A ecord on payment between two people or a bank


How do you check a cheque?

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.


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