Question

38.
What is a recommended strategy for managing outstanding checks to ensure proper account balance tracking?

Select {responseValue}
Avoid writing checks to individuals or small businesses.

Select {responseValue}
Keep a separate log of outstanding checks.

Select {responseValue}
Always add the amount of the outstanding check to next month's balance.

Select {responseValue}
Write post-dated checks to delay payments.

Answer 1

Select {responseValue} Keep a separate log of outstanding checks. (Correct)

Select {responseValue} Avoid writing checks to individuals or small businesses. (Incorrect)

Select {responseValue} Always add the amount of the outstanding check to next month's balance. (Incorrect)

Select {responseValue} Write post-dated checks to delay payments. (Incorrect)