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what are uncollected. cheques??
does it mean (1)cheques issued but not presented OR (2) cheques deposited but not cleared??
pls help me guys I'm getting too confused..
P.S.
Replies (1)
IT MEANS CHEQUES DEPOSITED IN BANK BUT NOT CLEARED BY BANK AND HENCE NOT CREDITED IN BANK A/C. HOWEVER WE HAVE SHOWN IN OUR BOOKS OF A/C AS INCREASED BANK A/C....HENCE AS PER TWO OPTIONS GIVEN BY U .....IT WILL B OPTION NO. 2.
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