TOZZIBLINKZ
VIP Contributor
A cheque is a bill of exchange or an order written by a person known as a drawer to a specified bank to pay on demand is specified sum of money to another person known as the payee on the cheque . it is important to note that for a check to be completely made the drawer must insert the name of the payee and also include the amount he or she is to be paid but in words and figure followed by the date and signature .
Small-scale businesses do not use checks as a bill of exchange but rather bigger companies and larger scale businesses do but the questions stands out is it a proper , safe or suitable means of exchange . Well for one thing payment by cheque provide convenience , because it is in paper form and might not be easily recognised by others compared to cash that could be easily recognised by people thereby leading to robbery attack or pickpocket .
Finally , The use of cheque to pay a large sum of money saves time and energy of counting cash , all you need is your checkbook and a Biro pen to include the amount to be redrawn the drawers signature and also they pay username it is pretty simple .
Small-scale businesses do not use checks as a bill of exchange but rather bigger companies and larger scale businesses do but the questions stands out is it a proper , safe or suitable means of exchange . Well for one thing payment by cheque provide convenience , because it is in paper form and might not be easily recognised by others compared to cash that could be easily recognised by people thereby leading to robbery attack or pickpocket .
Finally , The use of cheque to pay a large sum of money saves time and energy of counting cash , all you need is your checkbook and a Biro pen to include the amount to be redrawn the drawers signature and also they pay username it is pretty simple .