Refers to the funds that have not arrived at the end of the month and are being remitted and settled between enterprises, units and their subordinate units, and between superiors and subordinates. One of the other money funds. If there is remittance between enterprises and units, between superiors and subordinates, at the end of the month, other monetary funds-in-transit funds should be debited according to the notice of the remittance unit and credited to the funds allocated by the superior.
Introduction:
A fund in a broad sense refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The funds we are talking about now mainly refer to securities investment funds.
Funds in transit-Baidu Encyclopedia