What does this statement mean 'cash drawn but not cashed'. Please explain am a bit confused
Dear student, the statement doesn't make any sense and appears to be incorrect or incomplete. It may refer to " Cheques drawn but not encashed" which means that these cheques have been issued to the creditors but those cheques have not been encashed by them from the bank.
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Regards
Hope this information will clear your doubts about topic.
If you have any more doubts just ask here on the forum and our experts will try to help you out as soon as possible.