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A company's lockbox bank, which processes 24 hours per day, has a 6:00 P.

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?

A.

Ledger credit Tuesday, collected credit Wednesday

B.

Ledger credit Tuesday, collected credit Thursday

C.

Ledger credit Wednesday, collected credit Wednesday

D.

Ledger credit Wednesday, collected credit Thursday

AFP CTP Summary

  • Vendor: AFP
  • Product: CTP
  • Update on: Oct 21, 2025
  • Questions: 1076
Price: $52.5  $149.99
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