Question

float is the difference between availiable balance and the ledger balance...(true or false)​

Answer 1

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The cash balance shown by a firm on its books is called the book or ledger balance whereas the balance shown in its bank accounts is called the available or collected balance. The difference between the available balance and the ledger balance is referred to as the float.

Answer 2

The cash balance shown by a firm on its books is called the book or ledger balance whereas the balance shown in its bank accounts is called the available or collected balance. The difference between the available balance and the ledger balance is referred to as the float.

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