why do we write ac payess on the upper left hand of the cheque
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Explanation:
The main reason why the practice of writing an account payee cheque is popular is because it is the safest form of cheque. Since the amount will only be paid by depositing it into the account of the payee, there is least chance of misuse
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Explanation:
When to write account payee: Draw two parallel lines on the left top corner of thecheque leaf if you want the money to reach a payee account. Ideally, you should also write “account payee" or “A/C payee" between the two parallel lines. ... This will also minimize the risk of fraud in case the cheque gets lost.
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