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A payment cheque is generally considered a secure method of transferring funds, as it requires the payer's bank to honor the amount specified. However, its effectiveness can be impacted by factors such as insufficient funds in the payer's account, the cheque being lost or stolen, or delays in processing. It's important for the recipient to verify the cheque's legitimacy and ensure they deposit it in a timely manner. Overall, while payment cheques can be reliable, they carry some inherent risks.
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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
Which transaction will result in a change in the equity of an entity operating on a bank overdraft?
a cheque issued for payment of salaries.
Who can stop payment of a cheque?
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
Application for stop payment of cheque?
i dont remeber some cheque issued when perssion & whos date & wich amount so plz application on reletad this metter
Can any one arrange me a Good for payment cheque in visakhapatnam?
In chennai good for payment cheques can be arranged by an consultant 9842566336
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 the functions of a cheque?
what is the function of a cheque
Which transaction will result in a change in the equity of an entity operating on a bank overdraft?
a cheque issued for payment of salaries.
Who can stop payment of a cheque?
The person who issued the cheque can issue the stop payment on the cheque. As long as the check isn't submitted for payment yet, you can issue the stop payment request. But, if the check is already paid the bank will not accept the stop payment. A point to note is that, the person to whom you gave the check can prosecute you legally for doing so because he wont get paid for the check
Application for stop payment of cheque?
i dont remeber some cheque issued when perssion & whos date & wich amount so plz application on reletad this metter
What you can called expired cheque in any word?
An expired cheque can be referred to as a "stale cheque." This term indicates that the cheque has not been presented for payment within a specified time frame, typically six months from the date it was issued, rendering it invalid.
Is The source document for payment of a payroll is a check?
Yes, Cheque in case of cheque issued or otherwise bank slips or bank latters through which salary transferred to accounts etc.
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
Can any one arrange me a Good for payment cheque in visakhapatnam?
In chennai good for payment cheques can be arranged by an consultant 9842566336
What transaction does cheque butt and receipt represent?
A cheque butt and receipt represent a financial transaction involving the payment of funds. The cheque butt serves as a record of the cheque issued, detailing the amount, date, and payee, while the receipt confirms the receipt of payment by the recipient. Together, they provide documentation for both the payer and payee, ensuring accountability and tracking of the transaction.
Who can stop payment of cheque?
Owner of Cheque and/or Bank
What does it mean when you ''stop'' a cheque?
When you "stop" a cheque, it means you instruct your bank to cancel a specific cheque that you have issued, preventing it from being cashed or deposited. This action is typically taken if the cheque is lost, stolen, or if there's a dispute regarding the payment. Stopping a cheque may involve a fee and usually requires you to provide details such as the cheque number and amount to the bank.
