Your chequebook shows you have a $10,000 balance in your account. You write cheques totaling $4,000 and make a deposit of $6,000. What is your disbursement float?

Question

Quizplus · Accepted Answer

The disbursement float is the amount of money you have written checks for but has not yet been deducted from your bank account. In this case, you have written checks totaling $4,000, which is the disbursement float.

Your Chequebook Shows You Have a $10,000 Balance in Your