Uncashed Cheques refer to cheques issued by the business that have not yet been cashed by the payees or holders. There is a high risk of missing uncashed cheques which represent a business’s payout to third parties that may potentially not be excluded in the computation of benefit streams available to the business. Uncashed cheques, once observed, will require adjustments to the value of creditors in the financial records. The existence of additional liabilities such as uncashed cheques for a business being valued can be detected by undertaking an effective due diligence task which is an important step in the business valuation process. In the absence of an effective due diligence, items such as uncashed cheques may be missed in which case the estimated fair market value of the business will be overstated.