Question

what is a cheque and how it is beneficial in transaction of money?

Answer 1

A cheque is just a paper . By the help of it we can transfer money from one account to other.

Answer 2

Cheques are very useful for big businessman's and also for common people's. They can take all their money within a slip of paper only and it's benefit's are:
1) security: it ensures the security of money
2) by giving cheque you don't have need to have a purse full money for for big deposits..

hope it may help you.......