Float, When Applied to Cash Receipts, Is the Time Between

question 66

True/False

Float, when applied to cash receipts, is the time between payment by customer and the availability of funds on deposit and available for use.

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Definitions:

Internal Communication

The exchange of information and messages within an organization among its members.

Awareness

The state or condition of being conscious of something, including perceiving, understanding, and being informed.

Sender's Signature

The written or electronic endorsement by the sender on a document, indicating approval or authentication.

Business Letter

A formal document typically used for communication between companies or between a company and its clients, suppliers, or other external parties.