Deposit In Transit
A deposit in transit, also known as an un-cleared deposit, is a cash or check deposit that is recorded in the accounting system of a firm but not in the bank’s records.
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basic accounting includes revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. and debits and credits.
A deposit in transit, also known as an un-cleared deposit, is a cash or check deposit that is recorded in the accounting system of a firm but not in the bank’s records.
Deposit In Transit Read More »
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