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

Question

Quizplus · Accepted Answer

Disbursement float refers to the delay between when a check is written and when the funds are actually deducted from the account. None of the options accurately describe this concept.

Which of the Following Is True About Disbursement Float