Disbursements float: A) occurs when a deposit is recorded but the funds are unavailable. B) causes...
Disbursements float:
A) occurs when a deposit is recorded but the funds are unavailable.
B) causes the book balance to exceed the bank balance.
C) has tended to decrease the net float of the firm
D) is a recommended source of funds for short-term investments.
E) is generally more desirable to companies than collection float.
Homework Answers
Ans E) is generally more desirable to companies than collection float.
Disbursements float is generally more desirable to companies than collection float. Disbursements float is the money that a person has spent but has not taken out of his/her bank account. Example include : cheque issued (cheque issued takes time in depositing and clearing).
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