Suraj Lakhotia

Admin

02-Sep-20 10:59

Both mean the same.

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

02-Sep-20 11:02

Suraj Lakhotia

Admin

02-Sep-20 10:59

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Both mean the same.

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

Suraj Lakhotia

Admin

02-Sep-20 11:21

First case is cheque issued.

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

02-Sep-20 11:22

Suraj Lakhotia

Admin

02-Sep-20 11:21

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First case is cheque issued.

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

Suraj Lakhotia

Admin

02-Sep-20 12:08

Prasanth kumar Kamisetty

CA Foundation

★ 11K+

02-Sep-20 11:22

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

You do not pay in to the bank.