Float Is Defined as the Difference Between Which of the Following

question 24

Multiple Choice

Float is defined as the difference between which of the following?

• A)Beginning cash balance and the ending cash balance as shown on a cash budget
• B)Ledger balance and the available balance
• C)Book balance and the ledger balance
• D)Collections and disbursements for any given period of time
• E)Available balance and the collected balance

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Definitions:

Executed

Completed or carried out; in legal terms, it refers to a document or agreement that has been signed and made effective.

Testators

Individuals who have made a will or testament in preparation for their death.

Property

Assets owned by an individual or entity, including both tangible items like real estate and cars, and intangible items like intellectual property.

Indefinite

Lacking clear definition or limits; vague or uncertain in duration or scope.