what is a cheque and what are its features
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Cheque is an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form.
Features of a cheque. A cheque should be in writing and properly signed by the drawer. A cheque issued on a specified banker only. The amount specified is always certain and should be clearly mentioned both in figures and words.
Features of a cheque. A cheque should be in writing and properly signed by the drawer. A cheque issued on a specified banker only. The amount specified is always certain and should be clearly mentioned both in figures and words.
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