Which of the Following Is a Component of Disbursement Float

question 55

Multiple Choice

Which of the following is a component of disbursement float but not a component of collection float?

• A) availability float
• B) mail float
• C) processing float
• D) check-clearing float

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Definitions:

Database Access

The ability or permission to retrieve and manipulate data from a database system.

IFRIC 13

International Financial Reporting Interpretations Committee pronouncement 13, providing guidance on customer loyalty programs and the accounting treatment for award credits.

Customer Loyalty Programme

A customer loyalty program is a rewards program offered by a company to customers who frequently make purchases, designed to enhance customer retention by offering incentives.

Revenue Recognition

The accounting principle that deals with the specific conditions under which revenue is recognized and determines how it is measured.