____________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between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.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) Processing
B) Disbursement
C) Collection
D) Mail

Question

Quizplus · Accepted Answer

Disbursement float occurs when there is a delay between when a firm records a payment in its ledger and when the funds are actually withdrawn from its bank account.

____________Float Results from the Lapse Between the Time When a Firm