Asked by Victoria Rodriguez on Jul 23, 2024
Verified
Provide a definition for float.
Float
The time difference between when a check is written and when the funds are actually withdrawn from the account, or the number of shares available for trading of a particular stock.
- Provide a clear definition for float and its significance in financial management.
Verified Answer
DD
Darby DomineyJul 26, 2024
Final Answer :
The difference between book cash and bank cash, representing the net effect of cheques in the process of clearing.
Learning Objectives
- Provide a clear definition for float and its significance in financial management.
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