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متابعة

What is an outstanding deposit?

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تم إضافة السؤال من قبل Muhammad Irfan Safdar , Chief Accountant , Mimar Projects LLC
تاريخ النشر: 2016/04/10
Khaja Mohiuddin
من قبل Khaja Mohiuddin , Senior Accountant / Public Relation Officer , ACCL International DMCC

An Outstanding Deposit Is Also Knows As Deposit In Transit, When company receive cheque from their customer and immediately recorded in their book  of accounts , after  cheque the deposit cheque in the bank.  amount appear in bank account in later dates.

Ramy Mohammed
من قبل Ramy Mohammed , GCC-Credit Manager , ATLAB Trading LLC

An outstanding deposit refers to a company's receipts (cash, checks from customers, etc.) which have been recorded by the company, but the amount will appear on its bank statement at a later date. An outstanding deposit is also known as a deposit in transit.

Bryan Laraya
من قبل Bryan Laraya , Customer Service Associate/Analyst-Teller , RCBC SAVINGS BANK

deposit  is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.

Idris Muhammad Idris Al-Isay
من قبل Idris Muhammad Idris Al-Isay , Economic Researcher , Nigeria Deposit Insurance Corporation

An outstanding deposit is called deposit in transit. It is a reciept by the bank cash or cheque which was recorded by the company or individual but will appear in the bank statement in a later date.

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