"Float" is the term given to Ca. differences between the cash balance and the balance of...

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Float is the term given to Ca. differences between the cash balance and the balance of cash plus marketable securities. b.d

business finance

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Answer 1

Answer #1

In accounting 'Float' is the time between a check is deposited and the time when check is cleared to cash.

Hence, Option b is correct.

b. delay in the receipt and conversion of a check to cash.

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Answer 2

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"Float" is the term given to Ca. differences between the cash balance and the balance of...

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