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What is the Difference between A/C Payee Chq. and Bearer
Chq. ?
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Answer Posted / nitesh chaubey
A/c payee chq.cannot be endorsed to other person and the money will be deposited in the a/c of favourable person not other person. But bearer chq. is the chq. through which any person can withrow money in cash and for this a/c is not necessary.
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