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

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written by the account holder but have not yet been received by the bank for processing. Once they are received and processed, they will become "cleared checks." Therefore, the correct choice is D: "Have not been received by the bank for processing."

Outstanding Checks