Deposits made by a company but not yet reflected on a bank statement are called
A)debit memoranda.
B)deposits in transit.
C)credit memoranda.
D)none of these are correct.

Question

Quizplus · Accepted Answer

Deposits made by a company but not yet reflected on a bank statement are called deposits in transit. Debit and credit memoranda are entries made by the bank, not the company.

Deposits Made by a Company but Not Yet Reflected on a Bank