Question:
Drawing two parallel transverse line across the face of a cheque is called :
Aapproving
Bcancelling
Cendorsing
Dcrossing
Answer:
D. crossing
Explanation:
Drawing two parallel transverse lines across the face of a cheque is called : Crossing
Crossing a cheque ensures that it can only be deposited directly into the payee's bank account and cannot be cashed. This adds an extra layer of security to prevent unauthorized cashing
There are two types of crossing :
General Crossing : Two parallel lines with no words.
Special Crossing : Two parallel lines with the words '' Account Payee'' or '' A/C Payee''.
Crossing helps protect against cheque fraud and misuse.