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Money counted in two banks

On 31 March, the company transfers ₹50 lakh from Bank A to Bank B. In its books, it records the receipt in Bank B on 31 March but records the payment out of Bank A only on 2 April. What is the risk?

A.Kiting, which overstates cash by counting the same money in both banksB.Window dressing of receivables by booking fake sales before year endC.Understatement of cash because the transfer is not in the booksD.No risk, because both banks will record the transfer by 2 April

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Money counted in two banks

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