unpresented+cheque

What is Unpresented Cheque?

A company sent cheque to B company for bill payment. But b company did not bank or deposite the cheque to there bank account, therefore, the amount does not show on A company's bank statement. Those cheque of A company is called Unpresented Cheque.

The question was - **What is meant by "outstanding payment"?** It means the payment has been billed ‘out’ but not received. That distinguishes it from accumulated but unbilled accounts receivable. These are distinctions that make up the discipline of accounting.

Unpresented Cheque and Outstanding payment are records which has been entered into company A ' s accounting system, but it does not appear on company A ' bank statement, because company B, the payee did not bank the money or company A did not received the money from company B. The transaction for the accounts payable or accounts receivable has not completed.