Disbursement float has all of the following basic components EXCEPT
A) collection.
B) processing.
C) mail.
D) clearing

Name: Disbursement float has all of the following basic components EXCEPT A) collection. B) processing. C) mail. D) clearing
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Disbursement float involves the time taken for a payment to be processed and cleared, which includes processing, mail, and clearing. Collection is not a component of disbursement float; it is related to the receipt of funds.

Disbursement Float Has All of the Following Basic Components EXCEPT