An outstanding check is one that has been issued but not yet reported on a bank statement by the bank.
a. True
b. False

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08-12-2022
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An outstanding check is one that has been issued but not yet reported on a bank statement by the bank.
a. True
b. False

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kjuli1766 kjuli1766 · Answer 1 · 2022-12-14T17:54:54+01:00

An outstanding check is one that has been issued but not yet reported on a bank statement by the bank is True.

A pending check is a check that has been written but has not yet been reported to your bank statement by the bank. The bank requires the signature card to be signed by the person authorized to sign. The first document in the electronic transmission is the memorandum.

A check is unpaid if the payee has not cashed or deposited the check. This means that the payer's bank account has no balance and will not show up on the month-end bank statement. Since the check is unpaid, it means that it is a liability to the payer. A drawn check that has not yet been credited to the bank for payment.

Learn more about Bank statements here:- https://brainly.com/question/28095004

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An outstanding check is one that has been issued but not yet reported on a bank statement by the bank. a. True b. False

Respuesta :

Otras preguntas

An outstanding check is one that has been issued but not yet reported on a bank statement by the bank.
a. True
b. False