Cheque definition in terms of Recording of Transactions - QS Study
QS Study

Cheque is a vital negotiable tool which can be transferred by simple hand delivery. It is used to craft secure and suitable payment. It is less risky and the hazard of loss is reduced. It is a document in writing drawn upon a particular banker to pay a particular amount to the person named in it and payable on demand. Each cheque book has a counterfoil in which the same details in the cheque are filled. The counterfoil remains with the account holder for his future reference. The counterfoil forms the source document for entries to be made in the books of accounts.

Cheques are a form of payment that is recorded by accountants on your receivables ledger. While you may record the payment instantly upon receipt, there will be a lag time between when you record the payment and when the check clears the bank and is posted to your account.