A cheque issued by the institution has been recorded in the cash book but has not yet been presented to the bank This is...

Type: MCQ • Marks: 1

A cheque issued by the institution has been recorded in the cash book but has not yet been presented to the bank This is generally known as:

A. A bank overdraft

B. An unpresented cheque

C. A cash shortage

D. A revenue receipt

Explanation

The institution has recorded the payment, but the bank has not yet processed the cheque.

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UPSC Principal & Vice Principal Management Finance Administration

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