Question: Example of collection floatDestin Industries received a $ 6 0 , 0 0 0 check from one of its customers, deposited it into its bank
Example of collection floatDestin Industries received a $ check from one of its customers, deposited it into its bank account, and recorded it in its bank register. The funds were reflected in Destins bank account two days later.
What type of float does this scenario describe?
Collection float
Net float
Disbursement float
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