Deposits in transit that appear on a bank reconciliation are those deposits that were made during the current month but which were not included by the bank on the current bank statement.

Question

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Deposits in transit are deposits made by the company but not yet processed by the bank or not yet included on the current bank statement. They will therefore need to be added to the bank balance on the reconciliation to show the correct balance of cash.

Deposits in Transit That Appear on a Bank Reconciliation Are