In a company's bank reconciliation, an outstanding check is a check that:
A)is guaranteed for payment by the bank.
B)has been issued by the company but has not been presented to the bank for payment.
C)has been presented to the bank for payment but has not been reported on the bank statement.
D)has been written for an amount that is greater than the balance in the account holder's bank account.

Question

Quizplus · Accepted Answer

Outstanding checks are deducted from the unadjusted bank balance.

In a Company's Bank Reconciliation, an Outstanding Check Is a Check