The Practice Where a Cheque Is Paid into a Bank

question 40

Multiple Choice

The practice where a cheque is paid into a bank account of an entity in a group of companies before balance date but recorded by the payer as a disbursement that occurred after balance date is known as:

• A) kiting
• B) lapping
• C) low-balling
• D) none of the above.

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Definitions:

Potential Employment

The possibility or prospect of being hired for a job or position.

Analysis and Design of Work

The process of examining tasks and work processes for the purpose of improving efficiency, quality, and employee satisfaction.

Overlapping Tasks

Situations where job responsibilities or projects are shared among multiple employees or departments, often leading to collaborative efforts or confusion.