Float, when applied to cash receipts, is the time between customer payment and the availability of funds on deposit and available.

Name: Float, when applied to cash receipts, is the time between customer payment and the availability of funds on deposit and available.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Float is the time between when payment is made and when it is actually available for use. This can be affected by various factors such as processing time or bank policies.

Float, When Applied to Cash Receipts, Is the Time Between