Write short notes on The crossing of cheques.

1.	Write short notes on The crossing of cheques.
Answer» A crossed cheque is a cheque, the amount of which is payable through the account of the payee. It cannot be cashed at the counter of the bank. If it is stolen, nobody can encash the cheque. Two parallel lines are to be drawn across the face of the cheque with the words ‘Account Payee’ in order to make a cross cheque. A cheque is said to be crossed when two transverse parallel lines are drawn across its face (with or without any words): • The crossing of a cheque ensures security and protection to the true owner of the cheque. • It helps to detect the bonafide owner of the cheque.

Answer»

A crossed cheque is a cheque, the amount of which is payable through the account of the payee. It cannot be cashed at the counter of the bank. If it is stolen, nobody can encash the cheque. Two parallel lines are to be drawn across the face of the cheque with the words ‘Account Payee’ in order to make a cross cheque. A cheque is said to be crossed when two transverse parallel lines are drawn across its face (with or without any words):

• The crossing of a cheque ensures security and protection to the true owner of the cheque.

• It helps to detect the bonafide owner of the cheque.

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