What does mean uncollected cheque?

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2026-07-18 16:00

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A mean uncollected cheque refers to a cheque that has been issued but not yet cashed or deposited by the recipient. This can occur when the payee delays presenting the cheque to their bank for payment, or if there are issues with the funds in the issuer's account. Uncollected cheques can affect cash flow and accounting records, as they represent amounts that are expected to be received but are not yet realized.

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