Business Studies, asked by deepubhandari01s, 9 months ago

what is the meant by crossing and endorsement write the difference type of cheque

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Answered by jhaji27
2

answer

here is your answer buddy

A crossing is an instruction to the paying banker to pay the amount of cheque to a particular banker and not over the counter. ... The crossing of a cheque ensures security and protection to the holder. However, we can negotiate a crossed bearer cheque by delivery and a crossed order cheque by endorsement and delivery

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