________ Float Results from the Lapse Between the Time When

question 149

Multiple Choice

________ float results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.

• A) Mail
• B) Processing
• C) Collection
• D) Disbursement

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Definitions:

Numerical Information

Data expressed in numbers, characterized by using numerical values to represent quantities, measures, counts, or statistical data.

Writing

The process of creating text or content, either manually with pen and paper or digitally using computers or electronic devices.

Memory Location

A specific address in computer memory where data is stored and can be accessed by the CPU.