Funds represented by cheques which have been issued, but which have not been debited from bank is technically referred to as :

CS Executive · Financial and Strategic Management · PYQS · December 2019
Funds represented by cheques which have been issued, but which have not been debited from bank is technically referred to as :
(A) Indenture
(B) Forward Cover
(C) Float
(D) Proxy

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Management

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