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What are the uses of cancelled cheques?

Quite often, we hear about this term 'cancelled cheque'. Let's learn more about this term and its usage in our day to day life. What is it? A cancelled cheque is one which is crossed and the word "Cancelled" is written on it. Except this, nothing else needs to be written on the cheque. Why is it needed? By crossing the cheque and writing the word cancelled on it, no one can use misuse this cheque. However, the cheque ca...
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