Advantages of Cheques:

Advertisement

 

  1. By avoiding necessity of carring hard cash, cheques serve as a very convenient means of making payments.
  2. Cheques are a safe means of making payments.
  3. Cheques are also a suitable method of receiving payment.
  4. Payments by cheque avoid the necessity of insisting upon receipts from the payees.
  5. When a person makes payments by cheques, he need not keeps a record of those payments in is books. Intimes of disputes regarding payments, the paid cheque forms with the banker and the centries made by the bankers in his books for the cheque payments can be produced as legal evidence to prove the payments.
  6. When payments are made by cheques, the drawer of the cheques has the advantages of countermanding any payments made by mistake.
  7. As cheques are negotiable instruments, the transferees of cheques get better tittle than that of the transferors.
Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contac[email protected]
12 Comments
  1. … [Trackback]

    […] Find More here on that Topic: bms.co.in/advantages-of-cheques/ […]

  2. dominoqq 1 month ago

    … [Trackback]

    […] Read More Information here to that Topic: bms.co.in/advantages-of-cheques/ […]

  3. … [Trackback]

    […] Find More Info here to that Topic: bms.co.in/advantages-of-cheques/ […]

  4. bandarqq 1 month ago

    … [Trackback]

    […] There you will find 21824 additional Info on that Topic: bms.co.in/advantages-of-cheques/ […]

  5. 카지노사이트 1 month ago

    … [Trackback]

    […] There you will find 41477 more Information to that Topic: bms.co.in/advantages-of-cheques/ […]

  6. Engineering 4 weeks ago

    … [Trackback]

    […] Here you will find 79484 more Information on that Topic: bms.co.in/advantages-of-cheques/ […]

  7. … [Trackback]

    […] Find More here to that Topic: bms.co.in/advantages-of-cheques/ […]

  8. 토토사이트 3 weeks ago

    … [Trackback]

    […] Here you will find 97370 more Info on that Topic: bms.co.in/advantages-of-cheques/ […]

  9. … [Trackback]

    […] Info to that Topic: bms.co.in/advantages-of-cheques/ […]

  10. … [Trackback]

    […] Read More Info here on that Topic: bms.co.in/advantages-of-cheques/ […]

  11. http://63.250.41.86/ 2 weeks ago

    … [Trackback]

    […] Find More here to that Topic: bms.co.in/advantages-of-cheques/ […]

  12. … [Trackback]

    […] Read More Info here on that Topic: bms.co.in/advantages-of-cheques/ […]

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account