Availability float reflects the amount on cheques that has been deposited by a company but that has not been cleared.

Name: Availability float reflects the amount on cheques that has been deposited by a company but that has not been cleared.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Availability float refers to the funds that have been deposited but not yet cleared by the bank. It is a measure of the difference between the bank balance and the book balance of a company.

Availability Float Reflects the Amount on Cheques That Has Been