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    Cheque

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    riteshvijh
    A cheque is a document that instructs a bank to pay a specific amount of money from a drawer's account. It contains details such as the date, payee, amount in numbers and words, and the drawer's signature. Technically, a cheque is a negotiable instrument that instructs a financial institution to pay an amount from a specified account held in the drawer's name.

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    Cheque

    Uploaded by

    riteshvijh
    143 views30 pages
    A cheque is a document that instructs a bank to pay a specific amount of money from a drawer's account. It contains details such as the date, payee, amount in numbers and words, and the drawer's signature. Technically, a cheque is a negotiable instrument that instructs a financial institution to pay an amount from a specified account held in the drawer's name.

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    cheque

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    A cheque is a document that instructs a bank to pay a specific amount of money from a drawer's account. It contains details such as the date, payee, amount in numbers and words, and the drawer's signature. Technically, a cheque is a negotiable instrument that instructs a financial institution to pay an amount from a specified account held in the drawer's name.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    143 views30 pages

    Cheque

    Uploaded by

    riteshvijh
    A cheque is a document that instructs a bank to pay a specific amount of money from a drawer's account. It contains details such as the date, payee, amount in numbers and words, and the drawer's signature. Technically, a cheque is a negotiable instrument that instructs a financial institution to pay an amount from a specified account held in the drawer's name.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 30

    A cheque is a document that orders a payment of money from a bank account.

    The person writing the cheque, the drawer, usually has a current account. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or company the

    MEANING

    amount of money stated.


    Technically, a cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a

    specific currency from a specified transactional account held in the


    drawer's name with that institution.

    PARTS OF A CHEQUE
    The four main items on a cheque are:-

    What do cheques include & How to write cheques.

    CHEQUE WRITING

    CHEQUE WRITING

    Cheques include the following information:

    CHEQUE WRITING

    DATE: Include the month, day and year you are writing the cheque.

    CHEQUE WRITING

    DATE: Include the month, day and year you are writing the cheque.

    09/15

    06

    CHEQUE WRITING

    PAYEE: Write the name of the person or business on the line, Pay to the order of.

    CHEQUE WRITING

    PAYEE: Write the name of the person or business on the line, Pay to the order of.

    09/15 Athletic Shoe Company

    06

    CHEQUE WRITING

    AMOUNT IN NUMBERS: Write the amount of the cheque in numbers.

    CHEQUE WRITING

    AMOUNT IN NUMBERS: Write the amount of the cheque in numbers.

    09/15 Athletic Shoe Company

    06 55.63

    CHEQUE WRITING

    AMOUNT IN WORDS: Write the amount of the cheque in words.

    CHEQUE WRITING

    AMOUNT IN WORDS: Write the amount in words. Start at the left, write any cents as a fraction, and draw a line in the extra space.
    09/15 06

    Athletic Shoe Company 55.63 Fifty-Five and 63/100 ----------------------------------------------

    CHEQUE WRITING

    SIGNATURE: Sign all cheques the way you sign the signature card.

    CHEQUE WRITING

    SIGNATURE: Sign all cheques the way you sign the signature card.

    09/15

    06

    Athletic Shoe Company 55.63 Fifty-Five and 63/100 ----------------------------------------------

    George Washington Doe

    CHEQUE WRITING

    MEMO: Use the memo area to note the reason for the cheque.

    CHEQUE WRITING

    MEMO: Use the memo area to note the reason for the cheque.

    09/15

    06

    Athletic Shoe Company 55.63 Fifty-Five and 63/100 ----------------------------------------------

    Running Shoes

    George Washington Doe

    CHEQUE WRITING

    ROUTING NUMBERS: The nine-digit string of numbers used to identify your bank to process the transaction

    CHEQUE WRITING

    ACCOUNT NUMBER: The number used to identify your unique account within the bank.

    CHEQUE WRITING

    CHEQUE NUMBER: The number used to identify a specific cheque within the sequence of the register. It usually includes 3 or 4 digits.

    CHEQUE WRITING

    TRANSIT NUMBER: Used to list cheques for deposit.

    12 Rules About Cheques.

    CHEQUE WRITING

    12 RULES ABOUT CHEQUES


    1) Only write cheques when you have enough money in

    your account.
    2) Write cheques legibly.

    3) Write the cheque amount as far to the left as possible.


    4) Always use a pen to write cheques. 5) Dont erase mistakes on a cheque. 6) Dont sign blank cheques.

    12 RULES ABOUT CHEQUES


    7) 8) Use restrictive endorsements. Print the right date on a cheque.

    9) Always keep cheques in a safe place. 10) Destroy voided or unused cheques and deposit slips. 11) Record every transaction in the cheque-book register. 12) Keep a running balance in the cheque-book register.

    TYPES OF CHEQUES
    Open Cheque Crossed Cheque Order Cheque Bearer Cheque

    TYPES OF CROSSING ON CHEQUES

    General Crossing

    Special Crossing

    Account Payee

    Non-Negotiable Crossing

    ADVANTAGES OF CHEQUE
    Paper Trail

    Float

    Security

    Control

    ALTERNATIVES TO CHEQUE
    Debit and Credit Cards

    Wire Transfers
    Electronic Bill Payments Online Payment Services

    CTS-2010

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