Which of the following is true about disbursement float?
A)Funds are collected and credited to an account.
B)Funds are deposited to a checking account immediately when a check is written.
C)Funds are removed from the checking account immediately when the check clears the checking account.
D)Funds are collected and debited to an account.
E)none of the above

Question

Quizplus · Accepted Answer

Disbursement float refers to the time between when a check is written and when the funds are actually removed from the account, which occurs when the check clears.

Which of the Following Is True About Disbursement Float