Scribd Logo
Upload

Welcome to Scribd!

  • If A Cheque Is Marked 'Account Payee Only, Not Negotiable', What Does This Mean?

    Uploaded by

    Rahmat Wali
    20 views2 pages
    A cheque was marked "Account Payee Only, Not Negotiable". This means the cheque should only be deposited into the account of the named payee and no other account. The receiving bank cannot deposit the cheque into an account other than the named payee's account.

    Original Description:

    my

    Original Title

    Main Exam Window6

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    A cheque was marked "Account Payee Only, Not Negotiable". This means the cheque should only be deposited into the account of the named payee and no other account. The receiving bank cannot deposit the cheque into an account other than the named payee's account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views2 pages

    If A Cheque Is Marked 'Account Payee Only, Not Negotiable', What Does This Mean?

    Uploaded by

    Rahmat Wali
    A cheque was marked "Account Payee Only, Not Negotiable". This means the cheque should only be deposited into the account of the named payee and no other account. The receiving bank cannot deposit the cheque into an account other than the named payee's account.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    7/25/2019 Main Exam Window

    Time Remaining Exam 100% Complete

    Question 24 0 of 2 marks 1:25:32 Exam Progress Details FA1-Recording

    If a cheque is marked 'Account Payee Only, Not Negotiable', what does this mean?

    The paying bank can deposit the cheque in an account other than the payee
    The cheque should be paid only into the account of the named payee
    The receiving bank can deposit the cheque in an account other than the payee
    The cheque should be paid only into the account of the named drawer

    Help

    https://specimen.accaglobal.com/Assignments/FA1/ACCA.html 1/2
    7/25/2019 Main Exam Window

    https://specimen.accaglobal.com/Assignments/FA1/ACCA.html 2/2

    You might also like