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