Accountancy, asked by Lucifer9119, 8 months ago

why the cheque is endorsed??​

Answers

Answered by cuteggie
3
In order to get your money from the bank, you need to sign the check over to them. By endorsing the check you are attesting to the fact that you have transferred said document to them and they can draw on that account. The best reason for endorsing a check is in case it is lost.
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Answered by ashkbab
2

Answer:

hye....

good morning

Explanation:

Signature Endorsements

The act of signing the check is considered an endorsement, which serves as proof of the payer's intent to transfer funds to the payee. 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.

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