Disbursements float:
A) occurs when a deposit is recorded but the funds are unavailable.
B) causes the book balance to exceed the bank balance.
C) has tended to increase since the enactment of the Check Clearing Act for the 21st Century.
D) is a recommended source of funds for short-term investments.
E) is eliminated when payments are made electronically.
Correct Answer:
Verified
Q1: A lockbox system:
A) entails the use of
Q2: Which one of the following collection times
Q3: Which one of the following enabled checks
Q4: Collection float:
A) is more desirable to companies
Q5: The cash used to make change when
Q7: GT Motors regularly issues short-term debt to
Q8: Which one of these statements is correct?
A)
Q9: Check kiting, or systematically overdrawing accounts, is:
A)
Q10: Float is defined as the:
A) amount of
Q11: Financial electronic data interchange (FEDI):
A) electronically processes
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