Can a Cheque, payment stopped by the drawer be redeposited in the bank for futher transaction.
The banker has crossed checked the cheque in red ink by writing STOP CHQ.
Nishan Thakkar (Student) (68 Points)
25 July 2011Can a Cheque, payment stopped by the drawer be redeposited in the bank for futher transaction.
The banker has crossed checked the cheque in red ink by writing STOP CHQ.
Vikash Kumar
(Manager Accounts (CA. Final))
(694 Points)
Replied 25 July 2011
No, you can re-deposit the dishnoured cheque only in two case,
1-Insufficient fund &
2.Image not clear.
CAclubindia
