Question

what is a cheque ?how and why do we issue cheque ?

Answer 1

a cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been made .


for payment through cheque the payer who has an account with the bank makes out a cheque for a specific amount.

the facility of cheques we issue cheques we issue cheques against demand deposits which make it possible to directly settled payments without the use of cash.

be brainly

Answer 2

A Cheque is an order to the bank to pay a stated sum from the drawer"s account , written on a specially printed form .

How to issue a cheque ?

♥ Write the date , in the top right corner , next to a box or line that says 'Date' there is a space for you to write the date .

♥ Write the recipient , find the line that has ' Pay ' written before it .

♥ Write the amount .

♥ Sign the cheque .

Why Do We Issue A Cheque ?

♥ If you need to pay something that shows Guaranteed funds are in the account , the bank can issue a certified check .

♥ The Bank Stamp the check as a “certified check” , and locks that amount in the account , so there will be funds to pay that check.

Hope it helps ✌

Shreya ❤