ICSE Class X Commercial Applications 2019 Solved Papers

SECTION - I

State one difference between each of the following :

Question : 4 of 35

Marks: +1, -0

Cheque and Bank Draft.

Solution:

Cheque	Bank Draft
Cheque is drawn by a person. It is dishonoured in case of inadequate funds in the bank account of the drawer.	A bank draft is always drawn by a bank. The draft amount is taken in advance by the bank. Therefore, the question of its dishonour does not arise.

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