Explain the procedure involved in the issuing of a cheque
Answers
The following points may help you-
A cheque is a written request to the branch of Bank with which we open the account.
firstly fill the date this is called date of issue.write the day ,month and year in figures.
Then write a name of the company or payee you want to pay the cheque.
The amount we order to pay is written in both words and figures.
Put your signature above the name to authorize the transaction.
here is your answer
★the payer, who is an account holder with the bank, issues a cheque from his checkbook for a specific amount. ★the cheque instruct the bank to pay a specific amount from the depositer to a person or the institution, in whose name it has been issued. ★the money is then, transferred from 1 bank account to another bank account in a day or two and the transaction is complete without any payment.