Outrageously Funny Word Dictionary :: Undeposited

👉 The term "undeposited" in the context of accounting can refer to a situation where an account has not been credited or recorded as having been debited. This could be due to various reasons such as incorrect entries, errors in data entry, or the lack of sufficient funds available for credit. In accounting, it is important to ensure that all accounts are properly recorded and accounted for, so that financial statements can accurately reflect the company's financial position at a particular point in time.

undeposited