Cypress Inc.deposited $2,000 into its bank account at the end of the month,but the bank statement does not show the deposit.This $2,000 is an example of a(n):

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The $2,000 deposit was made by Cypress Inc. at the end of the month, but it doesn't appear on the bank statement. This means that the deposit was in transit, and it's called a deposit in transit. Therefore, the correct answer choice is D. Outstanding checks are checks that have been issued by a company but not yet presented to the bank for payment. Bank errors occur when the bank makes mistakes in recording transactions. Bank collections refer to the process of the bank collecting funds on behalf of the company.