PRC-1 · Chapter 9 · Question 40 of 100
Which of the following scenarios does NOT describe an 'unpresented cheque'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A cheque received from a customer but not yet deposited into the bank.
Explanation
A cheque received but not deposited is cash in hand, not an unpresented cheque. Unpresented cheques strictly refer to outgoing payments issued by the business that have not hit the bank statement.
More Bank Reconciliations MCQs
- Q42If the bank statement shows a favorable balance of Rs. 30,000, unpresented cheques are Rs. 5,000, and uncredited cheques are Rs. 8,000…
- Q43A business mistakenly recorded a deposit of Rs. 3,500 on the payment (credit) side of the cash book. To correct this, the accountant should:
- Q44A bank statement shows an overdraft of Rs. 15,000. Unpresented cheques amount to Rs. 6,000. There are no other reconciling items. What is…
- Q45When the bank statement contains an error whereby a cheque of Rs. 1,000 issued by another company was mistakenly debited to your account…
- Q46Which of the following best describes 'uncleared lodgments'?