PRC-1 · Chapter 9 · Question 64 of 100
Which of the following correctly defines an 'unpresented cheque'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A cheque issued by the business but not yet presented to the bank for payment.
Explanation
Unpresented cheques are outgoing payments issued by the business that have not yet been deducted from the bank statement by the payee.
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