Disbursement ﬂoat is created by any transaction which decreases a ﬁrm's book balance but not its
available cash balance.

Name: Disbursement ﬂoat is created by any transaction which decreases a ﬁrm's book balance but not its available cash balance.
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Question

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Disbursement float occurs when a check or payment is recorded in a company's books but has not yet cleared the bank, resulting in a decrease in the book balance but not the available cash balance.

Disbursement ﬂOat Is Created by Any Transaction Which Decreases a ﬁRm's