In this scenario, we will discuss how a proprietor purchased furniture worth 6000 and paid the amount through a cheque.


The proprietor decided to purchase furniture for their business, which costs 6000. The purchase was made from a furniture store, and a bill was issued for the same.


The proprietor opted to pay the bill amount through a cheque. A cheque is a written document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.


The proprietor wrote a cheque for 6000 in favor of the furniture store. The cheque contained details such as the name of the payee, the amount to be paid, the date of issue, the signature of the account holder, and the name of the bank.


The proprietor submitted the cheque to the furniture store. The store verified the details on the cheque and deposited it in their bank account.


After the furniture store deposited the cheque, it went through a clearance process. The clearing process involves the transfer of funds from the account of the cheque issuer to the account of the payee.


Paying through a cheque is a convenient and safe method of payment. It allows for the transfer of funds without the need for physical cash. The cheque payment method is widely used in business transactions and provides a record of the payment made.

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