Outstanding checks are checks that have been paid by the bank,but are not yet recorded on the company's books.

Name: Outstanding checks are checks that have been paid by the bank,but are not yet recorded on the company's books.
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Question

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Outstanding checks are checks that have been issued by the company but have not yet been presented to and paid by the bank. They are recorded on the company's books but have not yet been deducted from the company's bank account balance.

Outstanding Checks Are Checks That Have Been Paid by the Bank,but