What is cheque what facility does it offer

1.	What is cheque what facility does it offer
Answer» Cheque is the return document of money Cheque is a medium of exchange good and commodities through a piece of paper. It is not a cass payment it is a paper payment.It is the modern from of money. A cheque is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been drawn.\tThe facility of cheque against demand deposits makes it possible to directly settle the payments without the use of withdrawal.\tFor payment through cheque, the payer who has an account with the bank, makes out a cheque of a specific amount.\tThe money is transferred from one bank account to another in a couple of days. The transaction is complete without any payment of cash. \xa0

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