What Is a Deposit in Transit? Definition, Example, 7 Facts

A deposit in transit consists of cash and cheques that have been received and recorded by an entity, but which have not yet been registered in the bank’s records. Continue reading to obtain all the necessary information. What Is a Deposit in Transit? A deposit in transit is cash that a corporation has received and ...

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source https://www.studentsavingsclub.com/what-is-a-deposit-in-transit/

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