unit-8-banking-transactions-and-three-column-cash-book

Unit-8 Banking Transactions and Three Column Cash Book

In this unit you will learn about the Three Column Cash Book-cash book having an additional column for banking transactions.

What do you mean by crossing a Cheque? 





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Learning Pundits Content Team

Written on Jun 25, 2019 2:28:35 PM

If two parallel lines are drawn on the left hand top comer of the cheque, it is called 'Crossing', and such a cheque is called a 'Crossed Cheque'. A crossed cheque cannot be uncashed directly at the counter. It has to be deposited in an account with a bank. This makes it safe, as the party to whom the payment is made can be easily identified. Crossing can be 'General Crossing' or 'Special Crossing’.