Deposits in Transit

question 28

Multiple Choice

Deposits in transit

• A)have been recorded on the company's books but not yet by the bank.
• B)have been recorded by the bank but not yet by the company.
• C)have not been recorded by the bank or the company.
• D)are customers' checks that have not yet been received by the company.

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Definitions:

Disaster Prevention

Strategies and measures implemented to reduce the risk and impact of natural or human-induced disasters.

Cloud-computing Services

Internet-based computing services that provide shared processing resources and data to computers and other devices on demand.

Primary Demand

The total demand for an entire product category or industry, rather than for a specific brand or product within that category.

Pork Industry

The sector of agriculture that specializes in the breeding, raising, and processing of pigs for meat and other products.