Advantages and Disadvantages of Cheques
If misplaced it can be quickly tracked. Special Crossing - It is a cheque in which the name of the bank is written between the two parallel lines and hence it can be paid to that specific. Advantages And Disadvantages Of Bank Reconciliation If you lose them or they are stolen you can order a replacement. . Funds Leave a Bank Account Slower. Countries that are using Cheque Truncation experience a variety of advantages including. Advantages of a Cheque. Cheques are more secure than money because if they are stolen you can immediately inform the bank and stop the transaction. The following will tell us what the cheques advantages and disadvantages are. It is a negotiable document that may be endorsed in favour of a third party. This figure represents a 145 per cent increase over the previous year. ZIMSEC O Level Commerce Notes. It is more secure and convenient to carry a cheque than cash. Tra