Which one of the following is a primary benefit of implementing zero-balance accounts into a cash management system?
A)Increased disbursements float
B)Total elimination of all safety stocks
C)Additional cash availability
D)Decreased collection float
E)Elimination of all float

Question

Quizplus · Accepted Answer

Zero-balance accounts help in concentrating funds from various accounts into a single account, thereby optimizing cash availability and ensuring that excess cash is not left idle in multiple accounts.

Which One of the Following Is a Primary Benefit of Implementing