The words “Account payee only” on a cheque means

The words “Account payee only” on a cheque means
  • A.
    it is transferable
  • B.
    pay only to the holders account
  • C.
    a special crossing
  • D.
    it is a banker’s cheque
  • E.
    it is for endorsement
Correct Answer: Option B
Explanation
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