Refer to items not representing deposits credited by the bank to the account of the depositor but not yet recorded by the depositor as cash receipts. Debit memos false Deposit in transit false Credit memos true None of the above false Single Refer to items not representing checks paid by bank which are charged or debited by the bank to the account of the depositor but not yet recorded by the depositor as cash disbursements. Credit memos false Debit memos true Deposit in transit false None of the above false Single Collections that are already recorded by the depositor as cash receipts but not yet reflected on the bank statements. Deposit in transit true Credit memos false Debit memos false None of the above false Single Checks that are already recorded by the depositor as cash disbursements but not yet reflected on the bank statement. Certified check false Outstanding checks true Undeposited collections false None of the above false Single This is an addition to the bank balance because it erroneously decreased the account balance of the depositor in the bank. Deposit of another entity is credited by the bank to the account of the depositor false Check of another entity charged to the account of the depositor true Understatement of checks drawn by depositor false None of the above false Single This is a deduction from the bank balance because it erroneously increased the account balance of the depositor in the bank. Understatement of cash receipts on the book of depositor false Check of another entity charged to the account of the depositor false Deposit of another entity is credited by the bank to the account of the depositor true None of the above false Single This check is the one where the bank has stamped on its face the word “accepted” or “certified” indicating sufficiency of fund. Technically defective checks false Certified check true Undeposited collections false None of the above false Single Collections that are still in the hands of the depositor. Undeposited collections true Outstanding checks false Technically defective checks false None of the above false Single These are checks deposited but returned by the bank because of technical defects such as absence of signature or countersignature, erasures not countersigned, mutilated checks, conflict between amount in words and amount in figures. Certified check false Reduction of loan false Technically defective checks true None of the above false Single This pertains to amount deducted from the current account of the depositor in payment for loan which the depositor owes to the bank and which has already matured. Technically defective checks false Certified check false Reduction of loan true None of the above false Single