Which One of the Following Is a Disbursement Account into Which

question 20

Multiple Choice

Which one of the following is a disbursement account into which funds are transferred from a master account only as the funds are needed to cover checks presented for payment?

• A)Lockbox account
• B)Cash concentration account
• C)Ledger account
• D)Zero-balance account
• E)Cash clearing account

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Definitions:

Asset Value

The monetary worth of physical or intangible property owned by an individual or business.

Deadline

A specific date or time by which a task, project, or assignment must be completed.

Corporate Price

The price at which a corporation offers its products or services to customers, often influenced by costs, market demand, and competitive landscape.

Overbooking

The practice, often used in the travel and hospitality industry, of accepting more reservations than there is available capacity, based on predictions of last-minute cancellations.