Cheques that have been processed by the bank and are no longer negotiable are
A) outstanding cheques.
B) canceled cheques.
C) cheques in process.
D) blank cheques.

Question

Quizplus · Accepted Answer

Cheques that have been processed by the bank and are no longer negotiable are known as canceled cheques. Outstanding cheques are those that have been issued but are still waiting to be processed by the bank. Cheques in process are currently being processed by the bank. Blank cheques have not yet been filled out or signed.

Cheques That Have Been Processed by the Bank and Are