Outstanding checks:
A)Have been paid by the bank
B)Are checks returned to the payor
C)Are bank checks
D)Have not been received by the bank for processing
E)None of these

Name: Outstanding checks: A)Have been paid by the bank B)Are checks returned to the payor C)Are bank checks D)Have not been received by the bank for processing E)None of these
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Question

Quizplus · Accepted Answer

Outstanding checks are those that have been written and recorded in the company's books but have not yet been received by the bank for processing.

Outstanding Checks