âHastenâ or âspeed upâ, not âfastenâ. If it is a check you wrote on a BofA account to someone else, the issue may be that they have not deposited the check yet. Once deposited, most checks clear in one day as banks use electronic images of the checks, not the actual checks, to clear them.
B. Sec. 351 Transfers Basis of Property Received by Corporation. 1. The corporation s basis in the property received is determined as follows: 2. Figure 1 presents a variety of transactions involving Sec. 351 transfers.Gain computations and basis computations are included. Review these examples carefully.he corporation s basis in the property received is determined as follows: 2. Figure 1 presents a variety of transactions involving Sec. 351 transfers. Gain computations and basis computations are included.
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from: 1  Bank to another bank account of same company. 2  Cash account to bank account of same company ( Cash deposit)