Disbursement Float Is Defined as The

question 323

Multiple Choice

Disbursement float is defined as the:

• A) Period of time it takes for funds from a recent deposit to be available for spending.
• B) Period of time between when a cheque is mailed and when it is received for deposit.
• C) Difference between the available balance and the book balance due to outstanding cheques.
• D) Period of time between when a cheque is written and when it is deposited by the payee.
• E) Difference between the available balance and the book balance due to recent deposits.

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