Examveda
Examveda

Unpresented cheques are also referred to as

A. Uncollected cheques

B. Uncredited cheques

C. Outstanding cheques

D. Bounced cheques

Answer: Option C

Solution(By Examveda Team)

Unpresented cheques are also referred to as Outstanding cheques. An unpresented check is a check written by a company and entered in its records, but the check has not yet cleared the company's checking account. In other words, the check has not yet been paid by the bank on which the check is drawn. An unpresented check is also known as an outstanding check.

This Question Belongs to Commerce >> Accounting

Join The Discussion

Related Questions on Accounting