which of the following is not a component of float management?
1) mail float
2) processing float
3) receivable float
4) availability float
| Answer is (3) | Receivable float | ||||||||
| The other 3 components of float management are: | |||||||||
| 1) | Mail float:is the time between Firm's bill spends in the mail on its | ||||||||
| way to customer and time the customer's cheque spend in the mail | |||||||||
| on its way to firm | |||||||||
| 2) | Processing float:When firm's office get the cheque and the cheque is deposited | ||||||||
| in the bank on next day,not the same day. | |||||||||
| 3) | Availability float:It is the time from when the bank accept cheque for deposit | ||||||||
| to when it makes funds available in the firms account. | |||||||||
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