The process of transferring money from one bank account to another and improperly recording the transaction is referred to as:
A) kiting.
B) embezzling.
C) scamming.
D) lapping.

Question

Quizplus · Accepted Answer

Kiting involves making use of the time it takes for checks to clear to artificially inflate the balance of a bank account. This is done by transferring money between accounts and not recording the transaction properly to make it appear as though there is more money available than there actually is.

The Process of Transferring Money from One Bank Account to Another