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ICSE Class X Commercial Applications 2019 Papers
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SECTION - I
State one difference between each of the following :
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Question : 4 of 35
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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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