To arrive at an accurate balance on a bank reconciliation statement, outstanding checks should be:

Name: To arrive at an accurate balance on a bank reconciliation statement, outstanding checks should be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Outstanding checks have not yet been processed by the bank, so they are not reflected in the bank statement balance. Deducting them from the bank statement balance adjusts it to match the actual available balance in the account, aligning it more closely with the company's book balance.

To Arrive at an Accurate Balance on a Bank Reconciliation