"Official Crime Statistics" Are Not a Precise Measure of the True

question 11

True/False

"Official Crime Statistics" are not a precise measure of the true extent of crime because many crimes are not reported to police.

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Definitions:

Deposits In Transit

Funds that have been received and recorded by a company but have not yet been recorded by the bank.

Outstanding Checks

Checks that have been written and recorded in the check register but have not yet been cashed or cleared by the bank.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice.

NSF Checks

Checks that are not honored by the bank due to insufficient funds in the account of the drawer.