Question

What is Cheque? Explain the essential characteristics of cheque.

Answer 1

Hi mate

Here is ur answer...

Cheque :

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

essential characteristics of cheque :

Essential characteristics of a cheque. It must be in writing: A cheque must be in writing. It should be drawn on banker: It is always drawn on a specified banker. It contains an unconditional order to pay: A cheque cannot be drawn so as to be payable conditionally.

I hope this will help u....

⭐Mark as brainliest⭐

Answer 2

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

The Essential Characteristics of cheque are :-

♥ A cheque should be in writing and properly signed by the drawer .

♥ A cheque contains an unconditional order .

♥ A cheque issued on a specified banker only .

♥ The amount specified is always certain and should be clearly mentioned both in figures and words .

♥ The payee of a cheque is always certain .

♥ A cheque is always payable on demand .

♥ The cheque should bear a date otherwise it is invalid and shall not be honored by the bank .

Hope it helps !!

Shreya ❤