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It makes it harder to modify amounts on checks and accounting entries. 100.00$ could more easily be turned into 1100.00$ than $100.00. It comes from a time when
by throw101010 4y ago
It makes it harder to modify amounts on checks and accounting entries. 100.00$ could more easily be turned into 1100.00$ than $100.00. It comes from a time when we did still write a lot of amounts by hand.
- elevaet 4y agoOh that is a really good explanation, thanks! I've always wondered why we do this.
- Hamuko 4y agoI wonder if the relative lack of popularity when it comes to cheques is the reason why the Euro symbol (€) is added after the number.
- Tijdreiziger 4y agoIt's added before the number in (at least) the Netherlands.
- briHass 4y agoExcept that for checks, it's not the numerical part written in the little box that matters, it's the full written amount e.g. 'Five Thousand Three Hundred Fourty-Seven and 33/100' for 5,347.33. Similar rationale, though, because it's easier to modify a number (say, change a 7 to a 9) than to change a full word.
- yourad_io 4y agoI thought that in checks we surround the amount with hashes: #$105.90# Is this just local to me?