In a bank reconciliation, outstanding checks are:
A) subtracted from the bank statement
B) added to the checkbook
C) subtracted from the checkbook
D) added to the bank statement

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written and recorded in the checkbook but have not yet been cleared by the bank. Therefore, they are subtracted from the bank statement balance during reconciliation to match the checkbook balance.

In a Bank Reconciliation, Outstanding Checks Are