Question

What is cheque

Answer 1

A cheque is a written order from an account holder of a bank, instructing the bank to pay a specific amount of money to a specific person or organization. Cheques are commonly used for financial transactions such as payments, transferring money, or making purchases. The person who writes the cheque is known as the drawer, the person to whom the cheque is payable is known as the payee, and the bank that is ordered to pay the money is known as the drawee.