Examlex
Which of the following would you expect to result in faster economic growth?
Deposits in Transit
Deposits in transit are amounts that have been received and recorded by a business but have not yet been reflected in the bank's records.
Bank Reconciliation
The act of reconciling the cash account balances recorded in an organization's bookkeeping with the related data found on a bank statement.
Deposits in Transit
Funds that have been received and recorded by a business but not yet processed by the bank.
Service Charges
Fees charged to customers for specific services or as penalties for not meeting certain criteria such as minimum account balance requirements.
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