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    Cornerstones of Financial Accounting Study Set 1
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    Exam 2: Internal Control and Cash
  5. Question
    What Is the Term for Cash Collected and Recorded by a Company
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What Is the Term for Cash Collected and Recorded by a Company

Question 117

Question 117

Multiple Choice

What is the term for cash collected and recorded by a company but NOT yet reflected in a bank statement?


A) debit memos
B) credit memos
C) outstanding cheques
D) deposits in transit

Correct Answer:

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