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What is an un cleared cheque?

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Question added by Abdul Qayyum Mohammed , Sales And Marketing Manager , Zafar Naji Al-Muthlaq Contracting Establishment
Date Posted: 2014/09/03
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Honey May Taping
by Honey May Taping , FINANCIAL ACCOUNTANT & HR ADMINISTRATOR , BOND TRADING CO. LLC

an uncleared cheqeu is referred to as an outstanding check. In the bank reconciliation process an uncleared cheqeu (or outstanding check) is deducted from the balance shown on the bank statement to arrive at the correct or adjusted balance per bank.

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