Economy, asked by poornimagowda2852004, 6 months ago

short not on general crossing

Answers

Answered by radheshyam6441
2

Answer:

In general crossing, the cheque bears across its face an addition of two parallel transverse lines and/or the addition of words 'and Co. ' or 'not negotiable' between them. In the case of general crossing on the cheque, the paying banker will pay money to any banker.

A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter. The format and wording varies between countries, but generally, two parallel lines may be placed either vertically across the cheque or on the top left hand corner of the cheque. By using crossed cheques, cheque writers can effectively protect the instrument from being stolen or cashed by unauthorized persons.[1]

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