Which of the Following Should Be Audited on the Interbank

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.