Examlex

Solved

Which Doesn't Belong to the Same Family

question 35

Multiple Choice

Which doesn't belong to the same family?


Definitions:

Disbursement Float

The time delay between when a check is written and the actual withdrawal of funds from the account.

Book Balance

Refers to the amount of funds on record that a company has in its financial accounts at a specific point in time, not necessarily reflecting pending transactions.

Outstanding Cheques

Cheques that have been written and recorded in the accounting records but have not yet been cashed or cleared through the banking system.

Uncollected Deposits

Funds that have been deposited into a bank account but have not yet been cleared or recognized as available balance due to processing time.

Related Questions