From your company's perspective, which of the following shows the correct description of the term outstanding cheques: cheques issued by your company and recorded in the company's accounts but not yet cleared by the bank cheques issued by your company and cleared by the bank but not yet recorded in the company's accounts cheques received from customers and cleared by the bank but not yet recorded in your company's accounts cheques received from customers and recorded in your company's accounts but not yet cleared by the bank