Question

what is cheque ? write its advantages?​

Answer 1

Answer:

Advantages of cheques.

A cheque is a traditional payment method that employs the use of a paper document to make a payment transaction. It is a trusted form of making payments as only the recipient named is able to cash the cheque at a financial institution, provided that they prove their identity.

Answer 2

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.

Advantages of cheques.

• Advantages of cheques.A cheque is a traditional payment method that employs the use of a paper document to make a payment transaction. It is a trusted form of making payments as only the recipient named is able to cash the cheque at a financial institution, provided that they prove their identity.

Explanation:

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