Float is defined as the difference between the:
A)beginning and ending cash balances as shown on a cash budget.
B)ledger balance and the available balance.
C)book balance and the ledger balance.
D)collections and disbursements for any given period of time.
E)available balance and the collected balance.

Question

Quizplus · Accepted Answer

Float is the difference between the ledger balance (the balance according to the company's records) and the available balance (the balance available for use, often reflecting pending transactions).

Float Is Defined as the Difference Between The