Deposits in transit have:
A. been recorded by the company but not yet by the bank.
B. been recorded by the bank but not yet by the company.
C. not been recorded by the bank or the company.
D. been recorded by both the bank and the company.
Answer:A
Deposits in transit have:
A. been recorded by the company but not yet by the bank. B. been recorded by the bank but not yet by the company. C. not been recorded by the bank or the company. D. been recorded by both the bank and the company.