English, asked by varmasakshi50, 4 months ago

A cheque is a bill of exchange drawn on abank payable always…………….

Answers

Answered by MzAbstruse

Explanation:

When a cheque received is not deposited on the same day, it is taken in the cash account and when it is deposited in bank, then a contra entry is passed. For example cheque received from Ram on 15th March is deposited on 18th March, following entries will be passed: 15/3 Cash A/c Dr.

A cheque is always payable on demand and it may be payable

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