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Postdated cheques are considered as

A. Cash

B. Bank balance

C. Accounts receivable

D. Cash reserve

Answer: Option C

Solution(By Examveda Team)

Postdated cheques are considered as Accounts receivable. If the postdated check was received as payment on accounts receivable, the accounts receivable balance is not reduced until the date of the check.

This Question Belongs to Commerce >> Accounting

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