Multiple Choice
Deposits in transit
A) have been recorded on the depositor's books but not yet by the bank.
B) have been recorded by the bank but not yet by the depositor.
C) have not been recorded by either the bank or the depositor.
D) are customers' cheques that are in the mail but have not yet been received by the depositor.
Correct Answer:
Verified
Correct Answer:
Verified
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Q9: Allowing only the treasurer to sign cheques
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