Disbursements Float

question 90

Multiple Choice

Disbursements float:

• A)occurs when a deposit is recorded but the funds are unavailable.
• B)causes the book balance to exceed the bank balance.
• C)has tended to increase since the enactment of the Check Clearing Act for the 21^st Century.
• D)is a recommended source of funds for short-term investments.
• E)is eliminated when payments are made electronically.

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Definitions:

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The process of directing and managing a group towards achieving its objectives, often involving coordination, motivation, and providing guidance.

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Achieving intended results or outcomes efficiently and successfully.

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