What Is The Difference Between A Cheque (Check) And A Cheque Copy In Accounting
A cheque (Check) is an original signed document directed the bank to pay a
stated amount of money to the person (payee) named on it or to the bearer of
the instrument. The person who issues or draws the cheque is drawer and the
person to whom the payment is made or to whom it is issued is drawee. It is
presented before the counter to get payment.
A cheque copy is not an original document so it is just an evidence to support Transactions for someone’s own records. It can’t be used to make payment.
When original check is presented for payment,
then a copy of check is created to show that the payment is made to payee an an
evidence and to support Accounting
transactions.
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