Why are outstanding checks subtracted from the bank balance?

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College Accounting A Practical Approach Chapters 1-25

ISBN: 9780133791006

13th Edition

Authors: Jeffrey Slater

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Question Posted: Aug 11, 2023 03:28 AM

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Why are cheques outstanding subtracted from the bank balance?
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Why are outstanding checks subtracted from the bank balance?

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Outstanding checks are subtracted from the bank balance in order to accurately reconcile and match t...View the full answer

College Accounting A Practical Approach Chapters 1-25

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