Outstanding checks refer to checks that have been:
A)written,recorded,sent to payees,and received and paid by the bank.
B)written and not yet recorded in the company books.
C)written,recorded,sent to the payees,but not yet paid by the bank.
D)paid by the bank.

Question

Quizplus · Accepted Answer

An outstanding check occurs when you write a check and send it to a company,but your bank does not find out about it until that company deposits the check in its own bank,which then notifies your bank.

Outstanding Checks Refer to Checks That Have Been