Collection float is the __________.
Posted: Thu Jul 21, 2022 8:58 pm
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
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