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P1 C7 Cash Book And Its Types — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C7 Cash Book And Its Types1 Mark
Question
What is called Endorsement?
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Answer

When the cheque is received from the customers or debtors, the name of creditors or traders written on the backside of the cheque and the payment is made directly, then it is called Endorsement.

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