Float is defined as the difference between which of the following?
A)Beginning cash balance and the ending cash balance as shown on a cash budget
B)Ledger balance and the available balance
C)Book balance and the ledger balance
D)Collections and disbursements for any given period of time
E)Available balance and the collected balance

Question

Quizplus · Accepted Answer

Float is the difference between the ledger balance and the available balance, representing the amount of money in transit between the time a transaction is recorded and when the funds are actually available.

Float Is Defined as the Difference Between Which of the Following