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Unlike a discrete trial procedure,the free operant procedure involves
Book Balance
Refers to the amount of funds on record that a company has in its financial accounts at a specific point in time, not necessarily reflecting pending transactions.
Outstanding Cheques
Cheques that have been written and recorded in the accounting records but have not yet been cashed or cleared through the banking system.
Uncollected Deposits
Funds that have been deposited into a bank account but have not yet been cleared or recognized as available balance due to processing time.
Float
The difference between book cash and bank cash, representing the net effect of cheques in the process of clearing.
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