Which of the following should you check when receiving a cheque?

When receiving a cheque, it's essential to verify that the payee's name is correct, as this ensures that the cheque is intended for you or your organization. If the name is misspelled or inaccurate, it could lead to complications when trying to deposit or cash the cheque, potentially causing delays or the inability to access the funds at all.

Checking the amount stated in both numbers and words is also important, as discrepancies could result in confusion or errors during processing. A cheque that is dated for a future date is known as a post-dated cheque and cannot be cashed until that date, making it critical to ensure the date is current. While company letterhead can indicate authenticity, many cheques can be valid without it. Therefore, confirming the accuracy of the payee's name is a key step in ensuring you can properly handle the cheque without issues.