UN-PRESENTED CHECK Definition

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UN-PRESENTED CHECK is a check that was written but has not yet been forwarded to or paid by the bank on which it is drawn.

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STATEMENT OF ACCOUNTING POLICIES is normally comprised of: a definition of the reporting organization, statement of general accounting policies, statement of particular accounting policies, and a statement of changes in accounting policies.

WHOLESALE is the selling of goods to retail merchants; usually in large quantities for resale to consumers.

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