Deposits not yet added into the bank balance are called
A) deposits in transit.
B) late deposits.
C) deposits on hold.
D) outstanding deposits.

Name: Deposits not yet added into the bank balance are called A) deposits in transit. B) late deposits. C) deposits on hold. D) outstanding deposits.
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Question

Quizplus · Accepted Answer

Deposits not yet added into the bank balance are called deposits in transit. This means the deposit has been made but has not been recorded by the bank yet, so it is still in transit.

Deposits Not Yet Added into the Bank Balance Are Called