Checks that have been processed by the bank and are no longer negotiable are:
A)outstanding checks.
B)canceled checks.
C)checks in process.
D)deposits in transit.

Question

Quizplus · Accepted Answer

Canceled checks are checks that have been processed by the bank and are no longer negotiable. Outstanding checks are checks that have not yet been processed by the bank. Checks in process and deposits in transit are checks that have been received by the bank but not yet processed or recorded.

Checks That Have Been Processed by the Bank and Are