Deposit in transit
Revision as of 08:26, 20 December 2018 by Gary (talk | contribs) (Created page with "Deposit in transit is a [[deposit that was made by customers of a bank but did not reach, or was not processed by the bank before the preparation of the [[bank statement]]...")
Deposit in transit is a [[deposit that was made by customers of a bank but did not reach, or was not processed by the bank before the preparation of the bank statement.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Deposit in transit. Deposits that were made by customers of a bank but did not reach, or were not processed by the bank before the preparation of the bank statement.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
