Question
You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (i) Collection float (ii)
You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following: (i) Collection float (ii) Disbursement float (iii) Net float? (iv) Book balance (v) Available balance (3 marks) (3 marks) (3 marks) (3 marks) (3 marks)
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
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