Match the following terms with their correct definition.
-A bank reconciling item that must be subtracted from the unadjusted bank balance when preparing a bank reconciliation
A)Bank reconciliation
B)Deposit in transit
C)Non-sufficient funds check
D)Outstanding check
E)Service charges

Question

Quizplus · Accepted Answer

An outstanding check is a check that has been written by the company but has not yet cleared the bank. It must be subtracted from the unadjusted bank balance when preparing a bank reconciliation.

Match the Following Terms with Their Correct Definition