Match the following terms with their correct definition.
-An amount received and recorded by the business but not yet recorded by the bank
A)Bank reconciliation
B)Deposit in transit
C)Non-sufficient funds check
D)Outstanding check
E)Service charges

Question

Quizplus · Accepted Answer

Deposit in transit refers to an amount received by the business but not yet recorded by the bank.

Match the Following Terms with Their Correct Definition