Examlex
Which of the following statements is true?
Outstanding Checks
Checks that have been written and recorded in a ledger but have not yet been cashed or cleared by the bank.
Outstanding Deposit
Funds that have been deposited but not yet credited to the depositor's account.
Check Register
A record maintained by the account holder of checks written, deposits made, and current balance, used for managing a checking account.
Writing Checks
The process of completing and signing a check as a means of making a payment from a bank account.
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