The Entire Process Resulting from a Check Issue and Mail

question 23

True/False

The entire process resulting from a check issue and mail by the payer company to the payee company (i.e., mail float, processing float, and clearing float) is disbursement float to the payer company and is collection float to the payee company.

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Definitions:

ActionEvent

An object that represents an action event in Java, such as pressing a button or entering text in a text field.

Method

A block of code designed to perform a specific task, associated with an object or class in programming.

Application Program

A computer software designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.

Window

A graphical control element of a user interface that displays contents and allows user interaction through graphical icons and visual indicators.