The cheques that have been paid by the bank on behalf of the depositor and included with the bank statement are called:
A)outstanding cheques.
B)deposited cheques.
C)cancelled cheques.
D)cheques in transit.

Question

Quizplus · Accepted Answer

Cancelled cheques are those that have been paid by the bank and are typically returned or listed in the bank statement to the account holder, indicating that they have been processed.

The Cheques That Have Been Paid by the Bank on Behalf