Both mean the same.

Suraj Lakhotia

Admin

02-Sep-20 10:59

Assume I have a loan of 1 lakh to bank and I paid it through a cheque In other case I have 1 lakh with me which I have deposited in my account Is it not the difference

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

02-Sep-20 11:02

First case is cheque issued.

Suraj Lakhotia

Admin

02-Sep-20 11:21

But that is something when we pay to other person using a cheque

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

02-Sep-20 11:22

You do not pay in to the bank.

Suraj Lakhotia

Admin

02-Sep-20 12:08