Multiple choice

''A/c payee'' crossing refers to

  1. the amount of cheque can be paid to any person.

  2. the amount of the cheque can be deposited only in the account of the person whose name is written on it.

  3. a cheque can be transferred by mere delivery.

  4. None of these.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A/c payee only refers to the amount of cheque that can be deposited in the account of that person only whose name is written on it.

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