A deposit that has been made but has not yet been posted by the bank and therefore is not yet reflected in the account balance.
Related information about deposit in transit:
- Deposit In Transit Definition | Investopedia
A deposit in transit is money that has been received by a company and sent to the bank, but which has not yet been processed and posted to the account by the ...
- What is a deposit in transit? | AccountingCoach.com Q&A
A deposit in transit is cash (currency, coins, checks, electronic transfers) that a company has received and is rightfully reported as Cash on its balance.
- What is deposit in transit? definition and meaning - InvestorWords.com
Definition of deposit in transit: A deposit that has been made but has not yet been posted by the bank and therefore is not yet reflected in the account balance.
- Deposit in Transit Definition - AccountingTools
Definition: A deposit in transit is cash and/or checks that have been received and recorded by an entity, but which have not yet been recorded in the records of ...
- Deposit In Transit: Definition from Answers.com
Cash receipts that arrived at the bank too late to be credited to the depositor's bank statement for the current month.
- Bank Reconciliation - Deposit in Transit and its Treatment explained
There may be a time lag between when a company deposits cash or cheque in its account and when the bank credits it. Since the company records the increase ...
- What is deposit in transit? - BusinessDictionary.com
Definition of deposit in transit: Funds that have not yet made it to the bank account of the depositor yet, however, they have been sent to the bank. Thus, the ...
- What is a Deposit in Transit?
A deposit in transit or DIT is money that you have deposited in your bank account, but that doesn't show up yet as received or credited by the bank. There are a ...