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List the circumstances where a cheque may be used as a means of payment

List the circumstances where a cheque may be used as a means of payment

Answers


gideon
(a) When the amounts involved in the transaction are high.

(b) When the seller insists on payment by cheque.

(c) When evidence of payment is required.

(d) When payment is to be directed into the payee’s account.

(e) When the terms of sale is cash with order.

(f) When there is need to ensure safety of the money being transferred.
gideon1 answered the question on September 22, 2017 at 23:20

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