We’ve all been there: staring at a number and second-guessing how to spell it out. Is it ‘fourty’ or ‘forty’? Do you need a hyphen? While these seem like minor grammar questions, a simple mistake in a contract, a cheque, or a legal document can lead to serious consequences. When …
In our daily lives, we constantly encounter numbers, and often, these numbers include decimals. Whether we’re taking precise measurements for our home or performing currency conversions, accuracy right down to the decimal point is crucial. But how do you correctly spell out a number like 12.345? This guide will focus …
In our daily lives and in the business world, we handle countless documents that contain numbers, especially monetary amounts. From paying an invoice to reviewing a property’s rental statement, these figures are everywhere, and they demand our utmost attention. Imagine a contract for $50,000. A simple typo—an extra zero—could instantly …
Writing a cheque might seem straightforward, but correctly filling out the “amount in words” section is a critical detail often overlooked. Beyond mere formality, this step is your frontline defense against fraud and ensures your payment is processed exactly as intended. This guide will walk you through the nuances of …
Write the amount in numbers as close to the left-hand edge of the box as possible to prevent unauthorized additions. Write the dollar amount in numerals, including cents, in the box provided. If there is no box, draw a line through the space to prevent anyone from adding to the …
Step 1: Fill in the date Write the date on the top right-hand corner of the cheque. It’s essential to write the date because it helps you and the person you’re paying to keep track of when the cheque was written. Step 2: Write the payee’s name Write the name …
A step-by-step guide to writing a cheque Write the date on the cheque. In general, you should use today’s date. You may also use a post-dated cheque if you want the cheque to be eligible for cashing after a specific date. Write the name of the payee legibly and correctly. …
A crossed cheque can only payable through the bank account of payee and cannot withdrawn the cheque amount directly. To write a crossed cheque, draw two parallel lines at the top left corner of the cheque. You may also write the word “A/C Payee Only” in between the two lines. …
Keep your cheque book in a secure safe place Do not leave your cheque book unattended When receiving new cheque book, check the number of cheque leaves in it Never sign and issue a blank cheque Use blue or black pen with permanant ink to write cheque Use cheques in …
A Post-Dated Cheque is a cheque written for a date in future. In general, a Post-Dated Cheque is not payable until the date on the cheque. Payee can only present cheque to the bank until the date. How long can a Post-Dated Cheque be? In some countries, there is a …