Unpresented cheque is also commonly known as _______________.
Last updated Jun 24, 2026
Correct Answer:
Option D —
outstanding cheque
Why is it called an Outstanding Cheque?
In accounting terms, "outstanding" means something that is still pending or has not yet been settled.
From your perspective: You have already subtracted the amount from your Cash Book because you've handed the cheque over.
From the bank's perspective: They don't know the cheque exists until the recipient goes to the bank to deposit or cash it. Therefore, the money is still in your account according to the Bank Statement.
Why the other options are incorrect:
A) Bounced Cheque: This is a cheque that the bank refuses to pay, usually due to insufficient funds (officially called "Dishonoured").
B) Credited Cheque: This refers to a cheque that has already been processed and the money added to an account.
C) Uncollected Cheque: This is the opposite of an unpresented cheque. It is a cheque you received and deposited, but the bank has not yet collected the funds from the other person's bank.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
