One Form of Archiving Is

question 50

Multiple Choice

One form of archiving is:

• A) copying the chart.
• B) microfilming the chart.
• C) reviewing the chart.
• D) thinning the chart.
• E) None of the above

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Definitions:

Float Management

The practice of managing the time difference between the writing of a check and its clearing at the bank, aiming to optimize the use of available funds.

Small Firm

A business with a limited number of employees and revenue, often defined within specific legal frameworks based on the industry.

Sources of Float

Sources of float include the time difference between when a payment is initiated and when it is actually cleared and becomes available in a company's bank account, affecting the management of cash flow.

Collection Float

The time period between when a check is deposited and when funds are made available.