Disbursement flOat Is Created by Cheques Which Have Been Deposited

question 162

True/False

Disbursement float is created by cheques which have been deposited into a firm's bank account
but which have not yet cleared.

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Definitions:

Bond Interest

The periodic payment made to bondholders, typically a fixed rate of interest paid on the bond's face value.

Tax Purposes

The consideration or treatment of transactions, events, or financial situations in relation to calculating tax liabilities.

Dividends

Payments made by a corporation to its shareholder members from the company's earnings.

Earnings

Income generated from a company's business activities over a certain period, often reported as net income.