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What is an outstanding deposit?

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Question added by abdulaziz khorshid , CREDIT MANAGER , RASHED ABDUL RAHMAN ALRASHED
Date Posted: 2015/12/01
حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

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.

Ehasn AlBluwi
by Ehasn AlBluwi , رئيس حسابات فرع , النشار التجارية المحدودة-N.T.C

any deposits found in bank statement but not recorded in the ledger and vice versa

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