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23 March, 06:16

How would outstanding checks be handled when reconciling the ending cash balance per the bank statement to the correct adjusted cash balance?

a. They would be added to the balance of the bank statement.

b. They would be subtracted from the balance of the bank statement.

c. They would be added to the balance per books.

d. They would be ignored.

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  1. 23 March, 06:34
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    The answer is B. They would be subtracted from the balance of the bank statement

    In this case, we already deducted the amount of cash from the company's balance but the check receiver still hasn't cash out the checks to the bank. In order to correct it, we have to subtracted the check amount from the bank's balance
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