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Your fiRm Has an Available Balance of $1,380 and a Book

Question 306

Multiple Choice

Your firm has an available balance of $1,380 and a book balance of $1,210. The deposit of $560 that was made today is not yet included in the bank's balance. There are also 5 cheques outstanding
With a total value of $730. What is the net float?


A) Net collection float of $170.
B) Net collection float of $340.
C) Net float of $900
D) Net disbursement float of $170.
E) Net disbursement float of $340.

Correct Answer:

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