differentiate between cheque am DD
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In cheque payment is made after presenting the cheque to the bank, while in DD is given after making payment to the bank. ... A cheque can be paid to bearer or order. While DD is paid to a person on order. In cheque drawer and payee are different persons.
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Here are few other differences between cheque and DD:The cheque is issued by the customer, whereas Demand draft is issued by the bank. ... Payment of cheque can be stopped by the drawee, whereas payment cannot be stopped in DD. A cheque can be paid to bearer or order. While DD is paid to a person on order HOPE IT HELPS YOU
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