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Class : 11
Unit : Account

Mention any four qualities/features of a cheque.

Ans : The following are the essential features of cheque: a. Written document:-A cheque is a written order in which the name of the receiver, amount and date are clearly written. b. Unconditional order:-A cheque is an unconditional order. The drawer or accountholder cannot add any condition on it. c. Certain bank:-A cheque is issued only to a specified banker in which deposit is made to pay the amount. d. Certain amount:-The cheque must be related to the payment of a certain sum of money but not the quantity of articles. The amount to be paid by the banker must be written clearly both in words and in figure in the cheque.
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