Cheks

Check is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the check has been issued.
Checks

Payee - the recipient of the money
Date of issue
Amount of currency
Drawee -the financial institution where the check can be presented for payment
Drawer - the person or entity making the check
Signature of drawer
Machine readable routing and account information

Check
Cash receipts
Calculation checks

Declining use
Although forms of cheques have been in use since ancient times and at least since the 9th century, it was during the 20th century that cheques became a highly popular non-cash method for making payments and the usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked in or around the early 1990s.[1] Since then cheque usage has fallen, being partly replaced by electronic payment systems. In an increasing number of countries cheques have either become a marginal payment system or have been completely phased out.

The use of checks thus reduces the transportation cost associated with the payments system and improves economic efficiency
Checks can be written for any amount up to the balance in the account
Checks are also advantageous in that lose from theft is greatly reduced
It takes time to get checks from one place to another
All the paper shuffling required to process checks is costly