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Dahasolnce [82]
3 years ago
11

What is an outstanding check?

Business
1 answer:
Solnce55 [7]3 years ago
3 0

<span>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.  </span>

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