PRC-1 · Chapter 9 · Question 5 of 100
Cheques issued by the business to suppliers but not yet presented to the bank for payment are known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Unpresented cheques
Explanation
Unpresented cheques are cheques that the business has issued and recorded as payments, but the payees have not yet deposited them or the bank has not yet cleared them.
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