outstanding checks
A)added to the company's books
B)subtracted from the company's books
C)added to the bank statement balance
D)subtracted from the bank statement balance

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written by the company but have not yet been cleared by the bank. Therefore, they are subtracted from the bank statement balance during the bank reconciliation process to match the company's books.

Outstanding Checks