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Outstanding Cheques

Question 106

Multiple Choice

Outstanding cheques


A) have been subtracted on the bank records but not the chequebook records.
B) have not been presented to the bank for payment and have not been subtracted from the company's ledger account.
C) have not been presented to the bank for payment but have been subtracted in the ledger account.
D) have been returned to the business for nonpayment.

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