Checks outstanding are checks the company has written that have not been subtracted from the bank's record of the company's balance.

Name: Checks outstanding are checks the company has written that have not been subtracted from the bank's record of the company's balance.
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Question

Quizplus · Accepted Answer

That is correct. Checks outstanding are checks that have been written but not yet cleared by the bank, so they are still included in the bank's record of the company's balance.

Checks Outstanding Are Checks the Company Has Written That Have