Which statement is true concerning a controlled disbursement account?
A)The number of checks that can be disbursed on any one day is limited.
B)The bank will inform the firm of the amount that needs to be transferred on a daily basis.
C)The amount that can be disbursed on any given day is limited to the balance in the account when the bank opens in the morning.
D)The total number of checks that can be written in any one month is limited.
E)The amount of the disbursements is limited to the amount the firm has available on its bank line of credit.

Question

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The Answer of Which statement is true concerning a controlled disbursement account?
A)The number of checks that can be disbursed on any one day is limited.
B)The bank will inform the firm of the amount that needs to be transferred on a daily basis.
C)The amount that can be disbursed on any given day is limited to the balance in the account when the bank opens in the morning.
D)The total number of checks that can be written in any one month is limited.
E)The amount of the disbursements is limited to the amount the firm has available on its bank line of credit.

Which Statement Is True Concerning a Controlled Disbursement Account