Question: Which statement is correct regarding outstanding checks? (A)They represent checks that have been issued but not yet cashed by the date of the bank reconciliation.

Which statement is correct regarding outstanding checks?

(A)They represent checks that have been issued but not yet cashed by the date of the bank reconciliation.

(B)They are reconciling items on the book side of the bank reconciliation.

(C)They are reconciling items on the bank side of the bank reconciliation.

(D)They represent rejected (bounced) checks.

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