Deposits in Transit Are Deposits Made and Recorded by the Depositor

question 159

True/False

Deposits in transit are deposits made and recorded by the depositor but not yet recorded on the bank statement.

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Definitions:

Creaking

A sharp, harsh, squeaking sound made by something under pressure, often due to movement or weight.

Knocking

A problem in internal combustion engines caused by the fuel-air mixture igniting prematurely in the cylinder, leading to a sharp and often loud noise, which can damage the engine.

Control Arm Bushings

Rubber or polyurethane components that fit into control arms to provide a cushion and reduce vibration between the arm and the vehicle frame.

Common Wear

The usual or expected pattern of degradation or erosion on an object or part due to regular use or exposure over time.