"Float" is the term given to
A) differences between the cash balance and the balance of cash plus marketable securities.
B) differences between the cash balance in the ledger and the funds available in the firm's checking account.
C) the period between the date an invoice is received and the date on which it must be paid.
D) the practice of deliberately delaying payments beyond the due date.

Question

Quizplus · Accepted Answer

"Float" refers to the time difference or discrepancy between the cash balance shown in a company's ledger and the actual available balance in its checking account. This can occur due to checks issued but not yet cleared, electronic transactions in process, and other delays in the banking system.

"Float" Is the Term Given to