AFP
CTP · Question #601
(Topic 7) The delay between the time a check is deposited and the time the company's account is credited with collected funds is known as:
The correct answer is D. availability float. See the full explanation below for the reasoning.
Question
- (Topic 7)
The delay between the time a check is deposited and the time the company's account is credited with collected funds is known as:
Options
- Bmail float.
- Cprocessing float.
- Davailability float.
How the community answered
(27 responses)- B15% (4)
- C7% (2)
- D78% (21)
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