Final answer:
The reconciliation of bank statements determines the transfer of amount from Overpayment to other SA.
Step-by-step explanation:
The event that determines the transfer of amount from Overpayment to other SA is the reconciliation of bank statements. When a company receives more money from a customer than what is owed, it results in an overpayment. The accounting department needs to record this overpayment and determine how it should be allocated.
For example, if a customer makes a $500 overpayment, the accounting department may transfer the amount to another outstanding invoice for that customer or issue a refund to the customer. This decision is typically made based on the customer's preference and specific circumstances.
It is important for the accounting department to accurately track overpayments and allocate them appropriately to maintain accurate accounting records and ensure customer satisfaction.