Collection float is made up of all of the following EXCEPT:
A) Disbursement float
B) Processing float
C) Mail float
D) Availability float

Question

Quizplus · Accepted Answer

Disbursement float is not part of collection float; it refers to the time between when a payment is initiated and when it is deducted from the payer's account. Collection float includes processing, mail, and availability floats, which are related to the time it takes for a payment to be received and processed by the payee.

Collection Float Is Made Up of All of the Following