What is Cheque ? and What are the types of Cheque
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3
Answer:
There are various types of cheques that can be issued. Given below is the list of the various cheque types:
Bearer Cheque
Order Cheque
Crossed Cheque
Account Payee Cheque
Stale Cheque
Post Dated Cheque
Ante Dated Cheque
Self Cheque
Traveler’s Cheque
Mutilated Cheque
Blank Cheque
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5
Explanation:
Definition :Cheque is a document which orders a bank to pay a particular amount of money from a person's account to another individual's or company's account in whose name the cheque has been made or issued.
Example: from the drawer's account, to the person to whom it is issued, or to the order of the specified person or the bearer.
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