Question

what is the meaning of endorsement or endorsed in Accountancy?​

Answer 1

Answer:

Endorsement Endorsement means writing of one’s signature on the face or back of a bill for the purpose of transferring the title of the bill to another person. It is a statement or action which shows that you support or approve of something or someone. The person who endorses is called the “Endorser”.

Explanation:

Answer 2

Answer:

A signature is an endorsement. For example, when an employer signs a payroll check, it authorizes or endorses the transfer of money from the business account to the employee. ... In a financial transaction where one party gives a check to another, the payee named on the check must endorse the check before it is cashed.