Kiting happens when money is transferred between bank accounts to overstate the cash balance.
Simple explanation:
The same cash appears to exist in two bank accounts at the same time.
Example:
Before year-end, RM10,000 is recorded as received in Bank B, but it has not yet been deducted from Bank A. The company appears to have RM20,000, but the real cash is only RM10,000.
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