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Sentences is true or false? The amount of cheques issued by a company not yet paid out is referred to as net float.

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Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/12/11
Deleted user
by Deleted user

agreed with all ..................................

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

Agree with Answers >>>>>>>>>>>>>>>>>>>>

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answers Mr. Ayman Mohammed Atef

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

FalseNet float is the total amount of float in a bank account. It is calculated by subtracting thedisbursement float money spent but not yet taken out of the account from the collection floatmoney deposited but not yet cleared. The net float, when added to or subtracted from theprevious balance, shows how much money is in the bank account. The net float is importantwhen an account holder deal primarily in cheques