The Amount of Checks That Have Been Received and Deposited

question 53

Multiple Choice

The amount of checks that have been received and deposited but have not yet been made available to the account in which they were deposited is the _____ float.

• A) disbursement
• B) net
• C) collections
• D) balance
• E) deposit

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Definitions:

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

Holidays Off

Designated non-working days recognized by organizations or governments that allow employees or members to refrain from work to celebrate or observe specific occasions or festivals.

Paid Double

Receiving twice the usual compensation or amount for a product, service, or as a settlement.

Negligence Claims

Legal accusations alleging that harm resulted from a party's failure to exercise reasonable care, resulting in injury or loss to another party.