WAEC Accounting 2015 Objective — Question 16

Question 16 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Unpresented cheques are cheques

A. that have been recorded in the cash book but not by the bankCorrect
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

Explanation

Unpresented cheques are cheques issued and recorded by the firm in its cash book, but which have not yet been presented to (recorded by) the bank for payment.

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