________ float results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.
A) Mail
B) Processing
C) Collection
D) Disbursement

Question

Quizplus · Accepted Answer

Disbursement float refers to the time delay between when a company issues a payment and when the payment is actually processed and funds are withdrawn from the company's account. This can occur due to the processing time of checks or electronic payments.

________ Float Results from the Lapse Between the Time When