Ask Question
BusinessBusiness
5 July, 23:46

What is an outstanding check?

+4
Answers (1)
  1. 6 July, 00:15
    0
    An outstanding check is a check issued by the payor and released to the payee that remains to be undeposited or uncashed check at a certain financial period. When reconciling the bank statements with company books, an outstanding check is deducted from the unadjusted bank balance to arrive at the adjusted bank balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is an outstanding check? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On December 28, 2021, Tristar Communications sold 15 units of its new satellite uplink system to various customers for $10,000 each. The terms of each sale were 3/15, n/30. Tristar uses the net method to account for sales discounts.
Answers (1)
The CFO of the Souta Microscope Corporation intentionally misclassified a downstream transportation expense in the amount of $66,375,000 as a product cost in an accounting period when the company made 11,800 microscopes and sold 7,800 microscopes.
Answers (1)
3. Which of the following statements is true of closing techniques? Group of answer choices A. Customers make a buying decision, rather than the salesperson closing the sale. B.
Answers (1)
Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding through a new stock issue. She would like to inform her investors about this development.
Answers (1)
A regular customer, who is known for being demanding, comes in and asks for his favorite server. unfortunately, that server is not working. the next table in the rotation has a less experienced server. you would
Answers (1)
New Questions in Business
Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.
Answers (1)
The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.
Answers (1)
Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520
Answers (1)
When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false
Answers (1)
What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?
Answers (1)
Home » Business » What is an outstanding check?
Sign Up Forgot Password?