a-company-has-recorded-a-deposit-of-5000-in-its-books-but-the-bank-has-not-yet-p

Question

A company has recorded a deposit of $5,000 in its books, but the bank has not yet processed it. What is this discrepancy called?

Accepted Answer

Deposit in transit

Answer

Bank error

Answer

NSF check

Answer

Outstanding check

A company has recorded a deposit of \$5,000 in its books, but the bank has not yet processed it. What is this discrepancy called?