Deposits in Transit

question 12

Multiple Choice

Deposits in transit

• A)have been recorded on the depositor's books but not yet by the bank.
• B)have been recorded by the bank but not yet by the depositor.
• C)have not been recorded by either the bank or the depositor.
• D)are customers' cheques that are in the mail but have not yet been received by the depositor.

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Definitions:

Interpersonal Skills

The ability to communicate, interact, and work effectively with others through understanding and empathy.

Empowerment

The process of granting authority or power to individuals or groups, enabling them to make decisions and take action.

Delegation

The act of assigning responsibility and authority to someone else to complete a task while maintaining accountability for the outcome.

Organizational Strategy

A long-term plan of action designed to achieve a particular goal or set of goals or objectives within an organization.