What is the outstanding section of the bank reconciliation statement? ?

The outstanding section of the bank reconciliation statement refers to any items that have been recorded in the company's books but have not yet been reflected in the bank statement. This can include deposits in transit, outstanding checks, and any other transactions that have been initiated but not yet cleared by the bank. The purpose of the outstanding section is to reconcile the differences between the company's records and the bank statement, ensuring that both are accurate and up to date.