Can any body answer me what is the logic of writing A/c's payee over

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Question

Can any body answer me what is the logic of writing A/c's 
payee over the corner of the cheque?

Question Submitted By :: Msd

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Answer Posted By

Re: Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?

Answer
# 1

dear if it is written there it menas this cheq can only be 
deposited in ur account only....
nobody else can misuse it.....

as the name suggests account payee it means the person who 
is the holder of the account,,,,

okay???

if on cheq SELF is written it means anyone can withdraw the 
money okay??????


ANKITA
business.ankita@gmail.com

Is This Answer Correct ?

4 Yes

0 No

Ankita

Re: Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?

Answer
# 2

Hi,

The process of writting A/C Payee on the cheque is know as 
crossing the cheque. Even if you put 2 parallel lines, that 
means the same. 
The purpose of writing the same is that you can not encash 
such cheques, it will get transferred to the account.

Is This Answer Correct ?

2 Yes

0 No

Mmadhu

Re: Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?

Answer
# 3

Thanks Ankita and Mmadhu

Is This Answer Correct ?

0 Yes

1 No

Bkb

Re: Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?

Answer
# 4

Mr BKB why are you simply conveying thanks to both Ankita 
and Madhu, why dont you write something as your own. Try to 
revise and develop yourself. This is an elderly advice

Is This Answer Correct ?

1 Yes

0 No

Satyaki_raju@yahoo.com
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