Why are outstanding checks subtracted from the bank balance?… Image transcription

  

Why are outstanding checks subtracted from the bank balance?… Image transcription text8. Why are outstanding checks subtracted from the bank balance? Outstanding checks are subtracted fromthe bank balance because the bank has no idea they have been written, since they have not been processed.On the checkbook side,, the written checks have already reduced the checkbook balance…. Business Accounting Share This was created from Ch 6 Discussion s.docx (0)