Instructions: Identify the Following Terms

question 127

Short Answer

Instructions: Identify the following terms.
National Insurance Act, 1911

Understand the concepts and importance of collection and disbursement float in cash management.

Learn the purpose and benefits of various cash management tools like lockbox systems, zero-balance accounts, and cash concentration accounts.

Comprehend the differences between the firm’s ledger balance, available balance, and book balance.

Grasp the significance of reducing processing time for cheques and the impact of banking choices on a firm’s float.

---

Definitions:

Zinc

A metallic element with the symbol Zn and atomic number 30, known for its corrosion-resistant properties and use in various alloys and batteries.

Arsenic

A toxic metalloid element with the atomic number 33, used in various industrial processes and known for its carcinogenic properties.

Electron Configuration

The allocation of electrons within the orbitals of atoms or molecules, either atomic or molecular in nature.

Element

A pure substance consisting of only one type of atom, distinguished by its atomic number or the number of protons in its nucleus.