In reconciling the bank statement,the outstanding checks are added to the balance shown on the bank statement.

Name: In reconciling the bank statement,the outstanding checks are added to the balance shown on the bank statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Outstanding checks are subtracted from the balance shown on the bank statement during reconciliation because they represent amounts that have been recorded in the company's cash records but have not yet been cleared or deducted from the bank's record of the account balance.

In Reconciling the Bank Statement,the Outstanding Checks Are Added to the Balance