AFP CTP Question Answer
A company's lockbox bank, which processes 24 hours per day, has a 6:00 P.M. ledger credit cutoff and grants same-day availability on checks drawn on Bank B that are received by 10:00 P.M. Which of the following ledger and collected credit postings would result from a Bank B check received at 11:00 P.M. on Tuesday?
AFP CTP Summary
- Vendor: AFP
- Product: CTP
- Update on: Oct 21, 2025
- Questions: 1076

