Outstanding Checks Refer to Checks That Have Been

question 62

Multiple Choice

Outstanding checks refer to checks that have been:

• A) Held as blank checks.
• B) Written, recorded, sent to payees, and received and paid by the bank.
• C) Issued by the bank.
• D) Written and not yet recorded in the company books.
• E) Written, recorded on the company books, sent to the payee, but not yet paid by the bank.

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Definitions:

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