When preparing cheque, you need to ensure the cheque information are correct. You also need to write the cheque clear and precise to avoid the cheque information is altered. If the cheque amount is altered from 10000 to 100000, it’s really a big problem!
What Does ‘A/C Payee Only’ Mean on a Cheque?”
Have you ever wondered what the term “A/C Payee Only” signifies when you come across it on a cheque? This seemingly small instruction actually carries significant implications for financial security. When you see “A/C Payee Only” on a cheque, it indicates that the amount on the cheque can only be deposited into the bank account of the individual specified on … Read more