👉 In the context of accounting, a preundertook is a transaction that has not yet been completed. It refers to transactions that have already occurred and are still in progress or awaiting approval before they can be recorded as completed. This could include tasks like sending invoices, processing orders, or receiving payments from suppliers. For example, if an accountant records a payment for a service that was scheduled but never received, this would be considered a preundertook. The payment is not yet accounted for in
