What is the term for cash collected and recorded by a company but NOT yet reflected in a bank statement?

Question

Quizplus · Accepted Answer

Deposits in transit refer to cash collected and recorded by a company but not yet reflected in a bank statement. Debit memos refer to amounts deducted from a company's bank account, credit memos refer to amounts added to a company's bank account, and outstanding cheques refer to cheques that have been issued by a company but have not yet been presented for payment by the recipient.

What Is the Term for Cash Collected and Recorded by a Company