Disbursement float is created every time you: Select one: a. Mail a cheque to pay your...

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Disbursement float is created every time you: Select one: a. Mail a cheque to pay your...

Disbursement float is created every time you:

Select one:

a. Mail a cheque to pay your rent.

b. Transfer funds via the internet from your chequing account to your savings account.

c. Deposit cash into your chequing account.

d. Receive a paycheque and deposit it in your chequing accoun

business accounting

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Answer 1

Answer #1

Option (a) is correct

When a cheque is written and deposited for payment but it takes time to get the cheque cleared, then disbursement float arises. So, when a cheque is mailed to pay the rent, there will be disbursement float.

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Answer 2

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