Cheques
This query is : Resolved
02 January 2015
What is the difference between crossed cheque and a/c payee cheques? Give me a practical example
02 January 2015
crossing is of 2 types
General Crossing : 2 paralle lines across the cheque, normally on left hand top corner
Special crossing : The matter written in the above mentioned parallel lines makes it spl. the words written account payee in the parallel lines makes it pecial.
Bearer versu Order is one more classification...
Now tell me which one you use?
General Crossing : 2 paralle lines across the cheque, normally on left hand top corner
Special crossing : The matter written in the above mentioned parallel lines makes it spl. the words written account payee in the parallel lines makes it pecial.
Bearer versu Order is one more classification...
Now tell me which one you use?
02 January 2015
Crossing is done for basically to reduce the chances of mis-utilization of cheque and provide ability to trace the payee.
There are types of Crossing
1st General by making two parallel lines on the cheque, this enable that cheque will be cleared only by banking channel i.e by crediting into the bank account of any payee. In general crossing endorsement is possible.
While special crossing is done by mentioning additional words like Account Payee. This disable the endorsement at all and can be cleared only that payee only
There are types of Crossing
1st General by making two parallel lines on the cheque, this enable that cheque will be cleared only by banking channel i.e by crediting into the bank account of any payee. In general crossing endorsement is possible.
While special crossing is done by mentioning additional words like Account Payee. This disable the endorsement at all and can be cleared only that payee only
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
