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UNACCREDITED definition: 1. not officially recognized or approved: 2. not officially recognized or approved: . Learn more.
The correct option is A. Uncredited Cheques. Cheques that are presented but not credited are called unpresented cheques or uncollected cheques as they have still not been collected from third party.
Meanings of "uncredited" in Turkish English Dictionary : 7 result(s). Category English Turkish; General: 1: General: uncredited adj. : hesap defterine girilmemiş
uncredited - WordReference English dictionary, questions, discussion and forums. All Free.
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Uncredited cheques are the cheques that have been collected by the business and recorded as the receipt of cash in the business books. However, the business has not submitted the cheque to the bank. Hence, there is an implied difference between the bank statement and the cash ledger.
Uncredited cheques are sometimes referred to as uncollected cheques or uncleared cheques, but these three terms all amount to the same thing. Once again, this represents a potential imbalance between the company accounts and the bank account, depending on your payment methods and accounting practices.
