An account into which a company transfers funds in an amount sufficient to just cover the daily demands for payment is called a ________ account.

Name: An account into which a company transfers funds in an amount sufficient to just cover the daily demands for payment is called a ________ account.
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Question

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A controlled disbursement account is specifically designed for companies to fund the account with just enough money to cover checks or payments presented that day, allowing for efficient cash management.

An Account into Which a Company Transfers Funds in an Amount