What is the definition of float? The time period between a customer mailing a payment and the

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What is the definition of float?

The time period between a customer mailing a payment and the payment being deposited in the collecting firm's bank

The time period between a firm receiving a payment and the funds from that payment being available for use

The time period between a customer mailing a payment and the funds being available to the collecting firm

The time period between a customer mailing a payment and the collecting firm receiving that payment

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Feb 12, 2024 06:09 AM

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What is the definition of float? The time period between a customer mailing a payment and the

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Using Financial Accounting Information The Alternative to Debits and Credits

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