Question

which of the following is not a component of float management?

1) mail float

2) processing float

3) receivable float

4) availability float

Answer 1

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.