Can any body answer me what is the logic of writing A/c's
payee over the corner of the cheque?
Answer Posted / mmadhu
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 ? | 6 Yes | 2 No |
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