As we've explored, understanding the components and formula of PI is crucial for any finance professional or business leader. Remember, a PI greater than 1 is not just a number—it's a signal that an investment could lead to prosperity and success. Businesses across various industries use the Profitability Index to guide their investment decisions. For…
Since a crossed cheque can only be deposited in the bank, it cannot be used by unauthorized individuals. It can be tracked by the bank and the tracking information is shared with the payee. A cheque is drawn on the bank where the account holder has an account.
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A cross…