An outstanding check is a check that has been reported on the bank statement.

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Multiple Choice

An outstanding check is a check that has been reported on the bank statement.

Explanation:
An outstanding check is a check you’ve issued and recorded in your own cash ledger, but it hasn’t yet been presented to the bank for payment. Because it hasn’t cleared, the bank’s statement won’t show it yet. It will only appear on the bank statement after it clears. So the statement given is false—the check is not reported on the bank statement until it clears.

An outstanding check is a check you’ve issued and recorded in your own cash ledger, but it hasn’t yet been presented to the bank for payment. Because it hasn’t cleared, the bank’s statement won’t show it yet. It will only appear on the bank statement after it clears. So the statement given is false—the check is not reported on the bank statement until it clears.

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