Which Statement Is Correct

Which statement is correct?

A) Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm.
B) Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend.
C) Disbursement float causes the available balance to exceed the ledger balance.
D) Disbursement float is being totally eliminated by the Check Clearing Act for the 21^st Century.
E) Disbursement float exists when the available balance is less than the book balance.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free