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

EARNINGS is a term that refers to the financial capacity of a corporation to make distributions to shareholders other than return of capital, e.g., dividends. See also RETAINED EARNINGS.

SHILINGI is a currency of Tanzania.

Suggest a Term

Enter Search Term

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