Modos Company has deposited $2,000 in cheques received from customers.It has written $1,400 in cheques to its suppliers.The initial balance was $400.If $1,600 of its customers cheques have been cleared but only $600 of its own has been deposited,calculate its float.
A) $200
B) $400
C) $300
D) $700

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The Answer of Modos Company has deposited $2,000 in cheques received from customers.It has written $1,400 in cheques to its suppliers.The initial balance was $400.If $1,600 of its customers cheques have been cleared but only $600 of its own has been deposited,calculate its float.
A) $200
B) $400
C) $300
D) $700

Modos Company Has Deposited $2,000 in Cheques Received from Customers