ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
CASH IN TRANSIT Definition
CASH IN TRANSIT is cash being transferred from one business to another or between two parts of the same business. If it is not recorded as an asset in either an adjusting entry may be necessary.
Learn new Accounting Terms
OBLIGATION, in business, is a legal duty to pay or do something.
DUS is Dollar Unit Sampling.