Accounting Manager Question:
Download Job Interview Questions and Answers PDF
What is “deposit in transit”?
Answer:
A deposit in transit is a checks and cash that have been received and recorded by an entity, but which have not yet been entered in the records of the bank where the funds are deposited.
Download Accounting Manager Interview Questions And Answers
PDF
| Previous Question | Next Question |
| What is the disadvantage of double entry system? | Tell us what is working capital? |