Which of the Following Should Be Audited on the Interbank

question 110

Multiple Choice

Which of the following should be audited on the interbank transfer schedule?

• A) Receipts on the interbank transfer schedule should be correctly included in or excluded from year-end bank reconciliations as deposits in transit.
• B) Disbursements on the interbank transfer schedule must always be shown as outstanding checks.
• C) The interbank transfers cannot be recorded in both the receiving and disbursing banks.
• D) All transfers that occurred for the month before and the month after the year-end must be included on the interbank transfer schedule.

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