Lapping:
Is essentially fraudulent acts committed with the aim of disguising one's misuse of funds, general funds paid client / customer related companies. Impersonation is done by closing the lack of funds in the account the first customer to use funds from other customers who make payments right after the customer first. As a result, the accounting report seen by a deficiency in both customer account (but should have done full payment)
If the bank account of one section / division of the same company group, check withdrawals due date belongs another part of the company but are recorded in the general ledger as the first part of the expenditure incurred after the due date. For example, corporation A has 2 subsidiaries B & C. Withdrawal of checks made on account of C, but it was recorded as an expense in the general ledger account B. So in a corporation is cash flow as if balanced because both cover each other subsidiaries.
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