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Deposits in transit Question 1 3 options: have been recorded on the company's books but not yet by the bank. have been recorded by the

Deposits in transit
Question 13 options:
have been recorded on the company's books but not yet by the bank.
have been recorded by the bank but not yet by the company.
have not been recorded by the bank or the company.
are customers' checks that have not yet been received by the company.

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