The safest form of Crossed Cheque is
ОА A
Double Crossing
ОВ
General Crossing
С
Special Crossing
OD
Account payee crossing
Answers
Answer:
ACCOUNT PAYEE CROSSING IS THE CORRECT ANSWER
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Answer:
The correct option is (D) Account Payee Crossing
Explanation:
Specifying a general instruction for a check that hasn't yet been deposited into a bank account is the purpose of a cross cheque, which is a negotiable document. It will not be immediately given to the bearer over the bank counter in cash.
Cheque Crossing Types
- General Crossing -A total of two parallel across lines are printed across the face of the General Crossing cheques.
- Special Crossing-It has a crossing on its face that carries the banker's name.
- Restrictive Crossing - This instructs the assembling banker to credit the quantity of cheques solely to the receiver's account.
- When "Not Negotiable" is inscribed between the two parallel crosswise lines, it is considered to be a non-negotiable crossing.
Payee Amount Crossing
When a cheque is crossed in this way, it means that it can only be cashed into the bank account that is listed there. By using this sort of crossing, you can be guaranteed that the money is solely delivered as a bank account transfer and not as cash.
Hence, we can conclude that the safest form of crossed cheque is Account payee crossing.
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