_______ are cheques that are issued by the business but not yet presented to bank.

Uncollected cheques

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Uncredited cheques

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Outstanding cheques

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Bounced cheques

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Solution

The correct option is C Outstanding cheques
Outstanding Cheques are cheques that are issued by the business but not yet presented to bank.
These are those cheques against which the payment is yet to be made by the bank on the behalf of the business. They are also known as unpresented cheques.

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Similar questions

_____ cheques are issued by the business but not yet presented to bank.

	₹
1. Cheques issued but not yet presented for payment	7,000
2. Cheques issued but omitted to be recorded in the Cash Book	3,800
3. Cheques paid into bank but not yet collected by the bank	2,600
4. Premium on Life Policy paid by the bank on standing advice	360
5. Payments received from customers direct by the bank	2,000

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000

___ cheques are presented to bank but not debited by bank.

		₹
(i)	Bank overdraft as per Pass Book.	36,000
(ii)	Cheques issued but not presented for payment.	19,700
(iii)	Cheques deposited with bank but not collected.	25,000
(iv)	Cheques entered in Cash Book but not banked.	9,000
(v)	Directly deposited to bank by a customer.	11,000

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