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lyudmila [28]
4 years ago
5

What is a cancelled check?

Business
1 answer:
melisa1 [442]4 years ago
3 0

Answer:

Explanation:

A cancelled check is a check payment for which the stated amount of cash has been removed from the payer's checking account. Once the cash draw down is completed, the bank stamps the check as cancelled. ... Paid by the drawee bank to the payee bank. Cash is paid into the payee's account by the payee bank

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