Which one of the following statements best describes the term "outstanding check?"
A) A check written by the company and presented to the bank for payment.
B) A check written by the company but not yet presented to the bank for payment.
C) A check written by a customer that has been presented to the bank for payment.
D) A check written by a customer that has not yet been presented to the bank for payment.

Question

Quizplus · Accepted Answer

An outstanding check is a check written by the company but not yet presented to the bank for payment. It is also known as a "stale" check.

Which One of the Following Statements Best Describes the Term