Question 1 define the term bank float and explain how it, Ask an Expert

Accounting

Question: 1. Define the term bank float and explain how it can be used.

2. Explain concentration banking and give the equation for funds transfer frequency when concentration banking is used.

3. What two procedures will help ensure that the total accounts receivable amount is kept to a minimum?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92316542

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