What is Cheque?

A. a way to initiate transactions from one bank to another

B. to pay a specific amount of money from a person's account to the person

C. a traditional method of keeping track of the number of transactions made and initiated by a user

D.  a list of all transactions for a bank account over a set period, usually monthly

A cheque is a document you can issue to your bank, directing it to pay the specified sum of amount mentioned in digits as well as words to the person whose name is mentioned on the cheque.

Explanation: Cheque is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The cheque is utilised to make safe, secure, and convenient payments. You will need to submit the cheque number if you want to check the status of the check. Every cheque has a cheque number that is mentioned on the cheque leaf. The cheque number is used to find the status of a cheque. Only with the aid of the cheque number can the identity of the check be determined. The cheque number is the first six numbers that appear on the bottom of the check. If you want to write a cheque, you have to follow some points. They are, the first step is to cross a cheque, which means to draw two lines, which are parallel to each other, on the left hand corner of the document. Then write the date and write the name of the payee in the 'Pay' column. Proceed to write the amount in words and add 'only' in the end, at last sign at the bottom of the cheque carefully.

Key Points:

• Cheque is a document that orders a bank to pay a specific amount of money from a person's account to the person.
• The cheque is utilised to make safe, secure, and convenient payments.

• Every cheque has a cheque number that is mentioned on the cheque leaf. The cheque number is used to find the status of a cheque.

• If you want to write a cheque, the first step is to cross a cheque, which means to draw two lines, which are parallel to each other, on the left hand corner of the document.
• Then write the date and write the name of the payee in the 'Pay' column. Proceed to write the amount in words and add 'only' in the end, at last sign at the bottom of the cheque carefully.