Multiple Choice
An outstanding check is a check that
A) has been presented to the bank for payment but has not been reported on the bank statement.
B) has been written by the account holder but has not been presented to the bank for payment.
C) is guaranteed for payment by the bank.
D) has been written for an amount that is greater than the balance in the account holder's bank account.
Correct Answer:

Verified
Correct Answer:
Verified
Q158: Which of the following items would not
Q159: Checks received from customers are considered to
Q160: When preparing a bank reconciliation interest earned
Q161: Deposits made by a company but not
Q162: Accounting controls primarily concern safeguarding assets and
Q164: Which of the following assets is considered
Q165: Section 404 of the Sarbanes-Oxley Act requires
Q166: The IFRS definition of cash equivalents is
Q167: On a bank reconciliation,interest earned for the
Q168: Which of the following is a sound