A check that is outstanding for two consecutive months should be included on the bank reconciliation for the first month only.

Name: A check that is outstanding for two consecutive months should be included on the bank reconciliation for the first month only.
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Question

Quizplus · Accepted Answer

An outstanding check should be included on the bank reconciliation for both months until it clears, as it represents a deduction from the bank's balance that has not yet been processed.

A Check That Is Outstanding for Two Consecutive Months Should