Float,from the Buyer's Perspective,is Called ________ Float and from the Seller's

question 101

Multiple Choice

Float,from the buyer's perspective,is called ________ float and from the seller's perspective,is called ________ float.

• A)financing; crediting
• B)disbursement; collection
• C)crediting; financing
• D)collection; disbursement

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Definitions:

Accounts Receivable

Money owed to a company by its customers from sales or services rendered on credit.

Accounts Payable

Amounts a company owes to suppliers for goods or services that have been received but not yet paid for.

Purchase of Land

The acquisition of land as a fixed asset, recorded at its purchase cost plus any related expenses necessary for its intended use.

Sale of Land

The act of transferring ownership of a parcel of land from one party to another, typically involving a financial transaction.