Question: A firm's float management policy is most apt to include which one of the following statements? all invoices are to be paid the same day
A firm's float management policy is most apt to include which one of the following statements? all invoices are to be paid the same day they are received. Any check received is to be held until the customer's account has been updated to record the payment. Accounts payable processing should be give priority over accounts receivable processing. All outgoing chocks are to be delivered by the fastest means possible. The depository bank needs to process ail deposits in accordance with the Check Clearing Act for the 21st Century
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