Explain concentration banking and give the equation for, Accounting Basics

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Explain concentration banking and give the equation for

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: Explain concentration banking and give the equation for

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Accounting Basics: Explain concentration banking and give the equation for

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