Examlex
Name and describe three types of deception by commission.
Net Float
The difference between checks written and deposited in the bank not yet cleared or settled.
Ledger Balance
The total balance in a ledger account at a particular point in time, reflecting all transactions up to that moment.
Available Balance
The amount of funds in a checking or savings account that is accessible for immediate use, taking into account any pending transactions.
Net Collection Float
Net collection float refers to the difference in time between when a check is deposited into a bank account and when the funds are available for use, affecting a company's cash flow.
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