Apply Now Student Hub Feedback
Accountancy question from FAA exam, 2024 by JKSSB

What is "Deposit in transit" in bank reconciliation?

Last updated Aug 28, 2026
Correct Answer: Option A — Added to Bank Balance
In a bank reconciliation statement (BRS), a "Deposit in Transit" (also known as an unpresented deposit or outstanding deposit) refers to cash or checks that a company has recorded in its own books but which have not yet appeared on the bank statement.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
Try another question from JKSSB FAA 2024 Try another question from Accountancy

About this question

JKSSB FAA 2024

Details

Exam JKSSB
Recruitment FAA
Year 2024
Subject Accountancy
View all questions from this paper

More Accountancy questions

From across UPSC, JKPSC, and JKSSB papers — same subject, different years.

Loss due to fire in factory is recorded in the ______________. JKSSB FAA 2022 Written · Accountancy Suppliers personal a/c are seen in the JKSSB FAA 2024 Written · Accountancy The method of transferring items from a journal into their respective ledger accounts or journals is known as. JKSSB FAA 2024 Written · Accountancy If the asset of business is Rs 2,00,000 and equity is Rs 50,000 then what will be the liability? JKSSB FAA 2022 Written · Accountancy In absence of any Profit-sharing ratio how is the profit divided? JKSSB FAA 2022 Written · Accountancy

Practice 2,683+ more PYQs interactively

Filter by subject, year, and exam in real time. Get instant feedback, detailed explanations, and track your progress.

Open practice portal