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Outstanding Checks

Question 3

Multiple Choice

Outstanding checks:


A) have been subtracted on the bank records but not the checkbook records.
B) have not been presented to the bank for payment and have not been subtracted from the checkbook.
C) have not been presented to the bank for payment but have been subtracted in the checkbook.
D) have been returned to the business for nonpayment.

Correct Answer:

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