Cheque example sentences

Cheques deposited but not collected will result in increasing the balance of the cash book when compared to passbook.When the world 'bearer' is struck off by drawing a line, the cheque becomes an order cheque.However, its assets also go up by Rs 100 by the possession of this cheque, which is a claim on RBI.When a cheque is received, it may be deposited into the bank on the same day or it may be deposited on another day.Similarly, all the account names appearing on the credit side of the cash book are debited as cash/cheque has been paid in respect of them.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 made.All the cheques issued but not yet presented for payment, amounts directly deposited in the bank account are added.Omission or wrong recording of transactions relating to cheques issued, cheques deposited and wrong totalling, etc.But did you know that this was not always so? This chapter will tell you about the long and chequered history of the game.For depositing cash/cheques in the bank account, a form has to be filled, which is called a pay-in-slip.On receipt of such cheque or intimation from the bank, the firm will make an entry on the credit side of the cash book by entering the amount of the dishonoured cheque in the bank column and the name of the customer in the particulars column.If the cheque is deposited on another day, in that case, on the date of receipt it is treated as cash received and hence recorded in the cash column on the receipts side.The cheques deposited but not yet collected are deducted.Though this is rarely done, a cheque can be transferred by the payee (the person in whose favour the cheque has been drawn) to another person, if it is not crossed A/c payee only.Cheque forms have the printed word bearer, which means payment is to be made to the person whose name has been written after the words “pay” or the bearer of the cheques.