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

Question

Quizplus · Accepted Answer

An outstanding check is one that has been written by the account holder but has not yet been presented to the bank for payment, meaning it has not cleared the account holder's bank account yet.

An Outstanding Check Is a Check That