Answer
Cash account
Work Step by Step
Deposit in transit refers to cash that has rightfully been received by an entity and has been recognized but is yet to appear on the bank statement.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 7 - Cash and Receivables - Questions - Page 4004: 2i
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