what is cheque dishonour?
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Answered by
1
Answer:
a cheque is said to be dishonored when amount mentioned on the check is more than your balance in the bank
and your account is not permitted to overdraw
Answered by
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Answer:
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Explanation:
dishonour of cheque is a condition in which bank refuses to pay the amount of cheque to the payee. Whenever the cheque is dishonoured, the drawee bank instantly issues a 'Cheque Return Memo' to the payee banker specifying the reasons for dishonour.
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