Author Question: The following information applies to the questions below.Listed below are four interbank cash ... (Read 37 times)

blinding37 · **on:** Aug 21, 2022

The following information applies to the questions below.

Listed below are four interbank cash transfers, indicated by the numbers 1, 2, 3, and 4, of a client for late December 2015 and early January 2016:

Bank Account One
Disbursing Date
(Month/Day)
Per Bank Per Books
1. 12/31 12/30
2. 1/2 12/30
3. 1/3 12/31
4. 1/3 12/31

Bank Account Two
Receiving Date
(Month/Day)
Per Bank Per Books
12/31 12/30
12/31 12/31
1/2 1/2
1/2 12/31

Based on the schedule of interbank transfers above, which of the cash transfers indicates an error in cash cutoff at December 31, 2015?
◦ 1
◦ 2
◦ 3
◦ 4

Burly · **Reply #1 on:** Aug 21, 2022

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