what is the cheque ? what are the advantages??
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Answer:
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CHEQUES ARE THE FUNCTIONAL PAPER WHICH ARE FOLLOWED BY SEVERAL BANKS AND EASY AND CONVENIENT METHOD TO TRANSFER OR GET MONEY. ADVANTAGES OF CHEQUE;- 1-WE CAN PAY WITHOUT USING CASH. 2-SECURE AND SAFE PAYMENT POLICY. 3- EASY TO HANDLE AND PORTABLE .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.
a piece of paper printed by a bank that you sign and use to pay for things
●Advantages of cheque:
-It is more convenient than carrying cash around.
-Payments can be stopped if necessary.
-Cheques are safer if crossed.
-One does not have to _count notes and risk making counting mistakes.
-A cheque can be drawn up anytime.
I Hope it helps you......