Nasser who is maintaining current account in Bank Sohar, Nizwa Souq branch drew a cheque in the name of Mr. Ameen for RO. 5500, he mentioned the date of 27th June, 2021 and it was presented to him on 28th June, 2021. Mr. Ameen has transferred that cheque to Mr. Talal by writing Mr. Talal’s name and making a signature on the back of it. From the above scenario, Explain the parties to a cheque by mentioning their names.

Nasser who is maintaining current account in Bank Sohar, Nizwa Souq branch drew a cheque in the name of Mr. Ameen for RO. 5500, he mentioned the date of 27th June, 2021 and it was presented to him on 28th June, 2021. Mr. Ameen has transferred that cheque to Mr. Talal by writing Mr. Talal’s name and making a signature on the back of it. From the above scenario, Explain the parties to a cheque by mentioning their names.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 46P: Blue Company, an architectural firm, has a bookkeeper who maintains a cash receipts and...

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