Outstanding Checks Refer to Checks That Have Been

question 24

Multiple Choice

Outstanding checks refer to checks that have been:

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

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Definitions:

Absorption

The process by which substances are taken up and assimilated into the body of an organism.

Gas Exchange

The biological process by which gases (such as oxygen and carbon dioxide) are transferred between living organisms and the environment, typically occurring in the lungs in humans and across the surfaces of leaves in plants.

Endosymbiosis

A theory explaining the origin of eukaryotic cells from prokaryotic organisms through a symbiotic relationship.

Chloroplast

A type of organelle found in plant cells and some algae, which is the site of photosynthesis and responsible for producing energy through light.