[Anonymous]

Check# > From >>>> To

101 >>>> Bank A >>> Bank B

303 >>>> Bank B >>> Bank C

>>>>>>>Disbursement Date>>>> Receipt Date

Check#>Per Book >> Per Bank> Per Book > Per Bank

101 >>>>12/30>>>>> 01/4 >>> 12/30 >>>> 01/3

303 >>>>12/31 >>>>> 01/3 >>> 01/2 >>>>> 01/2

Accordingly, these 2 checks illustrate deposits/transfer in transit at 12/31.

I don’t understand it. I hope someone can explain it to me please. Thanks again!