The value of checks that have been written and disbursed but have not been deducted from the account on which they were written is the float.
A)disbursement
B)net
C)collections
D)balance
E)deposit

Question

Quizplus · Accepted Answer

The float refers specifically to checks that have been written and disbursed but have not yet been deducted from the account, so the choice that best fits this definition is A) disbursement. The other options do not accurately describe the concept of float.

The Value of Checks That Have Been Written and Disbursed