Funds must be deposited within how many hours?

• A. 24 hours
• B. 48 hours
• C. 72 hours
• D. 12 hours

Answer: (B)

Prompt deposits are a core cash-handling control. Funds should be deposited within two business days of receipt. This quick turnaround minimizes the risk of loss or theft, reduces float, and keeps the accounting records up to date, which aids timely bank reconciliations and accurate cash balances. Depositing faster than this can be difficult to guarantee in every situation, while waiting longer increases exposure and can run afoul of policy. The two-business-day window best balances practicality with controls, making it the correct guideline here.