Unpresented cheques are cheques_________

Accounts - Principles of Accounts

WAEC 2015

A. That have been recorded in the cash book but not by the bank
B. That have been received by the bank, but not recorded in the cash book
C. Returned by the bank
D. Written but not handed over to customers

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Correct Answer: Option A

Explanation

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.

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