Outline four circumstances when cheque payment would be preferred to cash payment.

      

Outline four circumstances when cheque payment would be preferred to cash payment.

  

Answers


kinyua
i. Where large sums of money is to be paid.
ii. Where there is need to make payment without travelling.
iii. Where there is need for future reference of payment.
iv. Where there is need to use it as a negotiable instrument.
v. Where there is need to enhance security as it can be crossed.
vi. Where it is the business policy to pay by cheque.
monica20 answered the question on November 2, 2017 at 04:56


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