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What is an unpresented check?

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تم إضافة السؤال من قبل Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
تاريخ النشر: 2016/06/27
Mohamed Seifeldin
من قبل Mohamed Seifeldin , Finance Manager , Mashareq & Maghareb For Construction, Yazeed Al Rajhi & Brothers Holding

An unpresented check is a check written by a company and entered in its records, but the check has not yet cleared the company's checking account. In other words, the check has not yet been paid by the bank on which the check is drawn. An unpresented check is also known as an outstanding check.

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