Question on: SS2 Commerce - Types of cheque

What does an "Account Payee" crossing on a cheque indicate?

 

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A

The cheque can be encashed over the counter.

 

B

The cheque is payable to the bearer.

 

C

The cheque should be deposited into a bank account.

 

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Correct Option: C

The cheque should be deposited into a bank account.

 

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