In preparing a bank reconciliation, outstanding cheques are
A) added to the balance per bank.
B) deducted from the balance per books.
C) added to the balance per books.
D) deducted from the balance per bank.

Question

Quizplus · Accepted Answer

Outstanding cheques are cheques that have been issued but have not yet been cleared by the bank. Therefore, they need to be deducted from the balance per bank.

In Preparing a Bank Reconciliation, Outstanding Cheques Are