[blank] is the difference between the cash balance shown on a firm's books and the available balance at the firm's bank.

Question

Quizplus · Accepted Answer

Float is the difference between the cash balance shown on a firm's books and the available balance at the firm's bank. This occurs because of the time delay between when a transaction occurs and when it is recorded in both the firm's books and the bank's records.

[Blank] Is the Difference Between the Cash Balance Shown on a Firm's