True/False
A cheque written by a company but NOT yet presented to the bank for payment is called a cheque in transit.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q85: Which of the following documents is used
Q86: Deal Corp.prepares monthly bank reconciliations of
Q87: Diamond Corp.prepares monthly bank reconciliations of
Q89: Discount Muffler Company is preparing its bank
Q90: A petty cash fund for $300
Q91: Match the following terms with their correct
Q92: Dreammaker Kitchens<br>The following information relates to
Q93: An amount recorded as an increase in
Q148: Money market accounts with original maturities of
Q159: The following set of items describes activities