Social Sciences, asked by cutqueen1705, 6 months ago

describe the various terms / words printed on cheque. what do they imply​ and plz if u don't know then don't answer.​

Answers

Answered by Anonymous
2

\large\underbrace\mathfrak\red{Answer}

  • drawee, the financial institution where the cheque can be presented for payment.
  • payee.
  • date of issue.
  • amount of currency.
  • drawer, the person or entity making the cheque.
  • signature of drawer.
  • Machine readable routing and account information.

The personal information section provides details about the account owner, who is the one paying money. The payee line designates who can receive the money. The dollar box displays the value of the check in numerical format. The amount of your check is written out in this section using words instead of numbers.

Hope it's helpful

Thank you :)

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