AFP Certified Treasury Professional CTP Question # 513 Topic 29 Discussion

AFP Certified Treasury Professional CTP Question # 513 Topic 29 Discussion

CTP Exam Topic 29 Question 513 Discussion:
Question #: 513
Topic #: 29

What is the correct sequence of the following disbursement float events, from first to last step?

1. Check clears back to drawee bank account.

2. Check is encoded and enters the clearing system.

3. Depositor receives ledger credit.

4. Lockbox bank receives check.


A.

3, 2, 1, 4


B.

4, 2, 1, 3


C.

4, 2, 3, 1


D.

4, 3, 2, 1


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