Question: Which statement is correct? Multiple Choice Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend. Disbursement float
Which statement is correct?
Multiple Choice
Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.
Disbursement float is being totally eliminated by the Check Clearing Act for the st Century.
Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
