Question

What is cheque


class 10

Answer 1

Answer:

A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.

Explanation:

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Answer 2

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☆☞ [ Verified answer ]☜☆

• A cheque is a written document which instructing a bank or building society to debit your account and pay to someone.

• Cheques can be used to pay money in and out of your account. Typically cheques are used to pay bills, tradesmen or to pay a someone face-to-face.

• There are various types of cheques that can be issued :-- Account Payee Cheque. Stale Cheque. Post Dated Cheque. Ante Dated Cheque.

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