Create a disbursement float or the collection float
Problem:
You have $125,000.00 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $110,000.00 does this create a disbursement float or a collection float? What is your available balance? Book balance?
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If you deposit a check for $110,000.00 does this create a disbursement float or a collection float? What is your available balance? Book balance?
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