The transfer of money from one bank account to another and improperly recording the transfer so that the amount is recorded as an asset in both banks is referred to as kiting.

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Kiting is a fraudulent activity where a person deliberately transfers money from one bank account to another and records it improperly in such a way that the amount is recorded as an asset in both banks, thereby creating the illusion of having a higher balance in both accounts. Eventually, the person withdraws the money and uses it for personal purposes. It is illegal and can lead to serious legal consequences.

The Transfer of Money from One Bank Account to Another