Question

multiple select question
select all that apply
how to identify the outstanding checks?
□ check for the returned checks in the mailbox.
□ check for the unwritten checks in the checkbook.
□ check for the canceled check listed in the bank statement.
□ check for the unchecked checks in the check register.
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Explanation:

Outstanding checks are checks issued by a company but not yet processed by the bank. To identify them, you compare checks recorded in the company's check register (written checks) against those marked as cleared on the bank statement. Unchecked checks in the register are those the bank hasn't received yet, and unwritten checks do not count as outstanding. Returned checks are already processed by the bank, and canceled checks on the statement are cleared, not outstanding.

Answer:

• Check for the unchecked checks in the check register.