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Transit float is caused by a the time necessary for a deposited check to clear the banking system and become usable funds to the company b the time funds are not available through the companys

Transit float is caused by

a. the time necessary for a deposited check to clear the banking system and become usable funds to the company.

b. the time funds are not available, through the company's bank account, until its payment check has cleared the banking system.

c. the elapsed time from the moment a customer mails his remittance check until the firm begins to process it.

d. the time required for the firm to process remittance checks.

Asked on 31 Dec 2019
 
 

Aug 14 2020 View more View Less

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