The basic components of collection float include all of the following EXCEPT ________ float.
A) mail
B) processing
C) clearing
D) disbursement

Question

Quizplus · Accepted Answer

The basic components of collection float include mail float, processing float, and clearing float. Disbursement float is not considered a component of collection float as it refers to the time taken by a company to process and release payments to suppliers, vendors, or creditors.

The Basic Components of Collection Float Include All of the Following