Mastery card
I can explain Deposits in Transit
Money you recorded as deposited that the bank has not yet credited.
Deposits in transit are receipts entered in the books that have not yet appeared on the bank statement because of processing lag.
Sticky trick
If a deposit stays in transit for days, chase the bank or check the slip.
Take into the room
In plain English, what is Deposits in Transit?
Or open the share card 🚶
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