Account abbreviation clarifies that a check's A/C is a transactional memorandum, not a bank instruction. The abbreviation 'A/C' denotes account and, on a check, serves as a memorandum identifying the transaction for which the check was issued rather than an ... Summary
Account abbreviation clarifies that a check's A/C is a transactional memorandum, not a bank instruction.
The abbreviation 'A/C' denotes account and, on a check, serves as a memorandum identifying the transaction for which the check was issued rather than an instruction to the bank to credit the named payee.
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