Advertisements
Advertisements
प्रश्न
Define Cheque?
व्याख्या
उत्तर
- A cheque is a printed instrument issued by Commercial Banks to its customers for making and receiving payments. [To withdraw self and to pay others]
- The person who draws a cheque is called –“Drawer”.
- The Bank on whom the cheque is drawn is called –“Drawee”.
- The person who receives payment on the cheque is called –“Payee”.
shaalaa.com
Bills of Exchange, Cheque, Promissory Note – Comparison
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
The number of parties in a bill of exchange is ______.
A cheque will become stale after _____ months of its date:
Define Bill of Exchange.
List three characteristics of a Promissory Note.
What are the characteristics of a bill of exchange?
Distinguish between Bill of Exchange & Promissory Note.
Distinguish a cheque and a bill of exchange.
Discuss in detail the features of a cheque.
