Create a disbursement float or the collection float


Problem:

You have $125,000.00 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $110,000.00 does this create a disbursement float or a collection float? What is your available balance? Book balance?

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Accounting Basics: Create a disbursement float or the collection float
Reference No:- TGS01939205

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