When you deposit a check,there is a delay before it gets credited to your bank account.This reduces your available balance compared to your ledger balance.Your net float is the difference between the balance in your company ledger and the balance recognized by your bank.

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This statement is true. The delay between depositing a check and the funds being credited to your account results in a difference between the balance in your company ledger and the balance recognized by your bank, known as net float.

When You Deposit a Check,there Is a Delay Before It