Question: A cut - off bank statement is received for the period December 1 to December 1 0 , 2 0 2 1 . Very few
A "cutoff" bank statement is received for the period December to December Very few of the checks listed on the November bank reconciliation cleared during the cutoff period. Of the following, the MOST likely reason for this is
A kiting
B using certified checks rather than ordinary checks
C holding the cash disbursement book open after year end overstating yearend bank balance
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