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प्रश्न
Explain the following term/concept:
Stop payment of cheque
उत्तर
(1) Businessmen and commercial organisations issue cheques to various parties in settlement of their dues or bills. These cheques may be sent by post or may be collected by hand delivery. Sometimes cheques may be lost during transit or misplaced and so cannot be traced. It is possible that the finder of such a cheque may fraudulently encase it from the bank.
(2) If any cheque issued by the company is lost or misplaced, the Company Secretary must inform the bank immediately by telephone about the loss of cheque with a request to stop payment on such lost cheque. Subsequently, he is required to write a letter to the bank giving details of the lost cheque such as cheque number, date of issue, amount of cheque, name of the party in whose favour cheque is drawn, etc. This helps the bank to stop or deny the payment on the lost cheque.
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संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
A slip used for depositing cash and cheque in the Bank account.
Select the correct answer from the options given below and rewrite the statement.
A company usually opens _____________ account in a bank.
Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________ meeting.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.
Select the correct answer from the options given below and rewrite the statement.
Generally Interest is not paid on ___________ deposit account
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
State whether the following statement is true or false :
Banks grant long term loans only.
Find the odd one:
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Overdraft | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Primary Function | __________ |
Answer in one sentence:
What is a Letter of Credit?
Explain the different types of deposits
Distinguish between the following:
Current account and saving account:
Explain the following terms/concept:
Advances
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
Choose the Correct Answer.
Bankers are not only dealers of money but also leaders in ______
