Q134
Unpresented cheques are also referred to as
A.
Uncollected cheques
B.
Uncredited cheques
C.
Outstanding cheques
AnswerD.
Bounced cheques
Answer: Option C
Solution
Answer: Option C
Solution:
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.