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With the following advantages:
1. Money reaches to the intended beneficiery
2.It serves as a documentary proof that the money is transferred to the recipient/beneficiary.
3. In case of misplace/loss/theft of the cheque, if it is immediately notified, money cannot be encashed from the bank. There are options in the cheque also to safeguard the theft/misappropriations by way of crossing/endorsements. No monetary loss is incurred except some simple procedures.
4. It does not involve risky handling of cash to transfer from place to place on safety grounds.
1-It is a documentary proof of transferred money.
2-Your cash risk is minimized. Just given the cheque.
3-It is safe way of transaction with each other.
4-In case of theft or loss, money cannot be encashed from the bank.
5-We can take legal action if cheque is not presented.
To fulfill the path of the check many advantages are summarized as follows:
A check leads to deposit money in banks rather than Aktnazha in cupboards and may be exposed to him from the dangers of theft and loss.
(B) that the fulfillment of the path of the check is considered as a tool to prove when the dispute what it takes to fulfill it to make some written restrictions in banks may be invoked when needed.
(C) achieves a check guarantee the holder seriously considering what is available with the protection of the criminal legislature conferred on the check to strengthen confidence in him and protect him from tampering and manipulation.
D reduces the check from the use of paper money and coins in line with the financial development that has occurred in the world with all the needed speed in handling and a shortcut to save time and effort.
Your cash risk is minimized
It is safe way of transaction with each other
It’s the must popular way that used in trading help buyer to collect his money after he make the order
Very good answer Mr Venkitaraman
Agreed with the answer VENKITARAMAN
By issuing cheque:
1. IT reduce the risk of theft or loss of money/
2. It documented the transaction.
I AGREE WITH MR VENKITARAMAN ANSWER
