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What is a written order to a bank to pay a stated sum of money from the owners account?

There are several instruments (e.g. personal check, business check. bank draft).


What is payroll systems?

A payroll system is a computerized technique that is used to calculate the sum of salaries employees who need to be paid in an organization. The name, address, Social Security number and the bank account numbers are the key elements in a payroll system. This method saves time.


What is Processing inward and outward clearing and reconciliation of clearing difference?

Assume Mr A with an account at the ABC bank issues a check for Mr X with an account at the XYZ bank. The check's data go into XYZ's computer system, and the sum is added to Mr X' account. Next the check is sent to bank ABC. This part of the compensating is called Outward Clearing. Next the check's data go into ABC's computer system, and the sum is subtracted from Mr A's account. The amount is also subtracted from bank ABC's account at the National Bank and credited in XYZ's account there. This part of the compensating is called Inward Clearing.


What is meant by the cheques?

Cheques are written orders to a bank to pay stated sum from an account to a named person. hey i am shanice fr: jamaica, one luv!!!!!!!!!!!


Are checks written by a depositor and paid by the bank?

Yes, a person with a bank account (a depositor) can write a check against that account for a sum of money. The person given the check (who the check is made out to) then presents it to their bank and the banks between them move the money from the account of the person who wrote the check to the account of the person who was given the check.

Related Questions

What does it mean answer to a sum?

To add the numbers together is the sum!!!! to add the numbers together is the sum!!!!


What is a sum in numbers?

Sum means to add numbers together.


What are the sum of two numbers if the sum of two consecutive even numbers is 26?

The sum of the numbers is 26. The numbers are 12 and 14.


From zero to 16 is all the odd numbers the sum of even numbers?

If this question means "in the interval 0 to 16 inclusive, is the sum of the odd numbers the same as the sum of the even numbers ?" then the answer is no. The sum of the even numbers is eight more than the sum of the odd ones.


Is sum of odd numbers always even?

The sum of two odd numbers is always even; the sum of three odd numbers is always odd; the sum of four odd numbers is always even; the sum of five odd numbers is always odd; etc


How do you find the sum of five numbers if the average of the five numbers is 790.6?

The average of a group of numbers is equal to the sum of the numbers divided by the number of numbers. If you want to find the sum of the five numbers, just multiply 790.6 by 5 to get the sum, which is 3953


What is it called to sum to numbers?

I don't think you cant sum numbers. You can add numbers to get the sum.


What numbers as a sum of two prime numbers 95?

You can't write that as the sum of two prime numbers. Note: Goldbach's Conjecture (for expressing numbers as the sum of two prime numbers) applies to EVEN numbers.


What is the sum of the binary numbers?

The sum of binary numbers is also a binary number.


When is the sum of 2 numbers a whole number?

The sum of two numbers is a whole number if both of the numbers are whole numbers, or if the sum of two fractions can be simplified to a whole number.


What is the sum of two numbers?

The sum of two numbers is the result given when the two numbers are added together. For example, the sum of 2 and 3 is 5.


What are the numbers when the sum of two numbers is 22 and the sum of their squares is 250?

The two numbers are 9 and 13.