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. written, recorded, sent to the payees, but not yet paid by the bank.
D. paid by the bank.
Answer:C
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. written, recorded, sent to the payees, but not yet paid by the bank. D. paid by the bank.