Examlex
Simplify the expression:
11 1⁄2 - 3 5⁄6
Disbursement Float
The amount of time it takes for money to be withdrawn from one account and cleared in another, affecting the available balance.
Collection Float
The time period between when a check is deposited into a bank account and the time the funds are available and officially credited to the account.
Book Balance
refers to the current balance in a company’s accounting records, not including any pending transactions that have not yet been cleared or settled.
Net Collection Float
The time difference between when a check is deposited and when the funds are available in the firm's account, affecting available cash.
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