Float is the difference between the cash balance on the corporate books and the amount credited to the corporation by the bank.

Name: Float is the difference between the cash balance on the corporate books and the amount credited to the corporation by the bank.
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Question

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This is the definition of float, where the cash balance on the corporate books may differ from the amount credited by the bank due to the timing of transactions or other factors that affect the availability of funds.

Float Is the Difference Between the Cash Balance on the Corporate