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Income tax

This query is : Resolved 

04 September 2010 what is meaning of a/c payee cheque & crossed cheque? What is the difference between them? Can a/c payee cheque be negotiated?

04 September 2010 A crossed cheque can be endorsed to any body, suppose Person A giving cheque to B only crossed, that cheque can be endrossed by B and give to any person

But crossed with Account payee cannot be endorsed by anybody only the name appearing in the cheque that person can get credit in his/her account

06 October 2010 Thank you very much


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