Accountancy, asked by YashRaveshiya4726, 1 year ago

Difference between bearer cheque and account payee cheque

Answers

Answered by TheUrvashi
8
A person who signs the cheque and transfers the instrument is an endorser and in whose favor it is transferred isendorsee. ... This crossed cheque is no more a bearer cheque where anyone can negotiate and get payment across the counter.
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