- 1 Marks
FA – May 2014 – L1 – SA – Q5 – Bank Reconciliation
Defines unpresented cheques in accounting.
Question
Which of the following statements best defines unpresented cheques?
A. Cheques paid by the bank but not yet recorded in the cash book
B. Cheques that are yet to be credited to the customer’s account
C. Cheques issued by the business but not yet presented for payment
D. Cheques that are stale and no longer acceptable for payment
E. Cheques that have been returned due to insufficient funds
Find Related Questions by Tags, levels, etc.
- Tags: Bank Reconciliation, Cash Book Adjustments, Unpresented Cheques
- Level: Level 1
- Topic: Bank reconciliations
- Series: MAY 2014
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