Collection float is the time that elapses between when a customer mails a payment and when the
cheque clears the banking system.
Correct Answer:
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Q1: Collection float is equal to the sum
Q2: Net float is the difference between a
Q3: With respect to the workings of a
Q5: Processing delay Is a components of collection
Q6: Preauthorized payments help reduce collection float.
Q7: Disbursement float is virtually eliminated when payments
Q8: Disbursement float is created by cheques which
Q9: Net float that is positive is called
Q10: Concentration time Is a components of collection
Q11: Collection float increases book balances but does
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