doubt on cheque explanatiomn needed
This query is : Resolved
somalinga reddy
(Querist)
28 February 2010
please explain me about different types of cheques i.e,crossed, trunckated & bearer cheque.
Deepak Goel
(Expert)
28 February 2010
cross cheque or & Co. cheque can be endorse to some one, A/c payee cheque cannot endorse to anyone, bearer cheque can be encashed by anyone
01 March 2010
Truncated cheque is a cheque that has been put to use (basically cancelled by the banker after clearing) and no further act can be done on the same.
CMA Ramesh Krishnan
(Expert)
01 March 2010
Agree with Mr.Deepak
CMA Arif Farooqui
(Expert)
02 March 2010
Agree with Mr.Deepak
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