Unpresented cheques are cheques_________
...Unpresented cheques are cheques_________
That have been recorded in the cash book but not by the bank
That have been received by the bank, but not recorded in the cash book
Returned by the bank
Written but not handed over to customers
Correct answer is A
Unpresented cheques are cheques which have not yet cleared through the banking system. It is a term used in the preparation of a bank reconciliation statement. For example, if a business writes a cheque, it will post it to its cash book that day and then send it on to its supplier.
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
Which of the following is not contained in the sales ledger control account? ...
The amount of individual items on a government budget is called ...
Where the head office maintains all books of account, goods sent to branch is credited to ...
N Stock at branch 1st January at cost ...
The business entity concept ...
Which of the following is related to debtors account? ...
Which of the following is in the personal Ledger? ...
When allotment of shares is made applicants for shares of a company become ...