Examlex
Which of the following would be considered a batch control for payroll?
Average Daily Receipts
The average amount of cash received by a business on a daily basis, calculated over a specific period of time.
Collection Delay
The lag between the time when a payment is made by a customer and when the funds are actually available for use by the recipient.
Average Daily Float
The average amount of time it takes for checks or other transactions to clear and be reflected in the available balance of an account.
Collection Delay
The period between when a sale is made and when the payment is actually received.
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