explain the features and functions of cheque
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Explanation:
Features of a cheque
A cheque should be in writing and properly signed by the drawer. A cheque contains an unconditional order. A cheque issued on a specified banker only. ... The cheque should bear a date otherwise it is invalid and shall not be honored by the bank.
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Explanation:
Features of a cheque
A cheque should be in writing and properly signed by the drawer.
A cheque contains an unconditional order.
A cheque issued on a specified banker only.
The amount specified is always certain and should be clearly mentioned both in figures and words.
The payee of a cheque is always certain
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