cash in transitForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › cash in transitThis topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 25, 2018 at 7:23 pm #475719 sianga90ParticipantTopics: 1Replies: 0☆How do you adjust for cash in transit when preparing consolidated SFP? September 25, 2018 at 8:11 pm #475730 P2-D2KeymasterTopics: 4Replies: 7177☆☆☆☆☆Hi,You treat it like the normal cash receipt from a credit customer. So you would DR Bank CR Receivable.Once you’ve done this the receivable and payable balance should be equal and so you can then eliminate them on consolidation.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In