When preparing a bank reconciliation,outstanding checks are
A)deducted from the bank statement balance.
B)deducted from the company's book balance.
C)added to the bank statement balance.
D)added to the company's book 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 deducted from the bank statement balance to reconcile it with the company's book balance.

When Preparing a Bank Reconciliation,outstanding Checks Are