Outstanding checks are checks a company has written and recorded as cash disbursements that have not yet been presented to the bank for payment.

Name: Outstanding checks are checks a company has written and recorded as cash disbursements that have not yet been presented to the bank for payment.
Brand: Quizplus
Rating: 4.8 (25 reviews)

Question

Quizplus · Accepted Answer

Outstanding checks are indeed checks that a company has issued and recorded in its financial records as cash disbursements, but which have not yet been processed or cleared by the bank.

Outstanding Checks Are Checks a Company Has Written and Recorded