Solved

Collection Float Is the __________

Question 245

Multiple Choice

Collection float is the __________.


A) Total time between the mailing of the check by the customer and the availability of cash to the receiving firm
B) Time consumed in clearing the check through the banking system
C) Time the check is in the mail
D) Time during which the check received by the firm remains uncollected

Correct Answer:

verifed

Verified

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

Related Questions