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Cheques Issued but Not Presented

Uncollected c...

Question

Uncollected cheques are also referred to as ___ .

A

Uncredited Cheques

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B

Unpresented Cheques

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C

Outstanding Cheques

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D

Bounced Cheques

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Solution

The correct option is A
Uncredited Cheques

Cheques that are presented but not credited are called unpresented cheques or uncollected cheques as they have still not been collected from third party.

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