CASH IN TRANSIT Definition

Bookmark and Share

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

CASH RECEIPTS JOURNAL is the journal for recording all cash receipts.

SLIPPAGE is the difference between estimated transactions costs and actual transactions costs. The difference usually represents revisions to price difference or spread and commission costs.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.