“Float” is the term given to
A) differences between the cash balance and the balance of cash plus marketable securities.
B) differences between the cash balance in the ledger and the funds available in the firm’s checking account.
C) the period between the date an invoice is received and the date on which it must be paid.
D) the practice of deliberately delaying payments beyond the due date.
Darshita Changed status to publish August 13, 2020
B) differences between the cash balance in the ledger and the funds available in the firm’s checking account.
Darshita Changed status to publish August 13, 2020
