Bank deposits are credited on the date of the transaction only when they are made before 3 P.M. Alicia knows that the bank deposit was made before 3 P.M. So, Alicia knows that the bank deposit was credited on the date of the transaction.
Evidence
conditional (only when = only if = RIGHT side) Credited → made before 3pm A → B
fact Alicia knows made before 3pm. X knows B
Conclusion
Alicia knows credited. X knows A.
Evaluate
The question stem curious asks for both logical flaws, which is very atypical (only one or two others like this that have two flaws).
The more obvious flaw is the Necessary vs. Sufficient reversal. Famous Flaws are very common on Parallel Flaw questions.
The author provided a conditional relationship, but then misapplied it by thinking .
If we have no idea what the second flaw is, we can just head to the answers knowing this one and then see what we can rid of. Once you're down to the final couple, seeing the structural similarity that relates to the second flaw would probably be enough to make you pick the right answer.
The second flaw is something that's been used 5-10 times over LSATs history, so recurring but not too common. It's a flaw in which you assume that someone knows an implication of their belief.
You could say
WE know that he's driven through the birthplace of jazz. That is a true implication of the fact that he's driven through New Orleans. But just because Tony believes that he's driven through New Orleans doesn't mean he believes every true implication of that fact. He might have no idea that New Orleans is the birthplace of jazz.
Similarly, Alicia knows she made her deposit before 3pm. WE know that there's a rule saying "credited same day requires before 3pm", so we know that her deposit qualifies for being credited same-day, but we can't say that SHE knows that her deposit qualifies for being credited same-day, because we have no idea if she's aware of this bank's policy. She might have just dropped the deposit off in the morning because it was on her way to yoga, and so she knows it was before 3pm but doesn't have any reason to think 3pm is a special deposit cutoff time for her bank.
Goal
Look for a conditional statement that the argument then interprets backwards (if right side is true, left side is true). Then look to see whether those last two moves are about someone's beliefs (since X believes right side, X believes left side).