What entry is required in the company's accounts to record outstanding checks?
A) debit Accounts Receivable; credit Cash
B) debit Cash; credit Accounts Receivable
C) debit Cash; credit Accounts Payable
D) no entry is required

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written and recorded in the company's books but have not yet cleared the bank. They do not require any additional entry in the company's accounts.

What Entry Is Required in the Company's Accounts to Record