Examlex
What was the FIRST organism to have what we consider a true central nervous system?
Accounts Payable
The amounts a company owes to its suppliers or vendors for goods or services received but not yet paid for; a liability on the balance sheet.
Collections Float
Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.
Disbursement Float
Float created before cheques written by a firm have cleared and been deducted from the firm’s account. Disbursement float causes the firm’s own cheque-book balance to be smaller than the balance on the bank’s records.
Net Float
The difference between a firm’s disbursement float and collections float.
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