Cash receipts of the company that have not been added to the bank's record of the company's balance are referred to as checks outstanding.

Name: Cash receipts of the company that have not been added to the bank's record of the company's balance are referred to as checks outstanding.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Checks outstanding refer to checks that have been issued by a company but have not yet been cleared or cashed by the bank, not cash receipts.

Cash Receipts of the Company That Have Not Been Added