What is concept of float?

What is concept of float?


Float is the difference between the bank balance as per the cash book and as per the bank pass book or bank statement. This difference arises due to delay occurring between the time a cheque is written by the company and the money actually deducted from the company’s account.
Explain Accelerated Cash Collection.
This is another arrangement made by the company to accelerate cash collection. Under this arrangement…
How is optimum cash balance maintained?
One of the important objectives of cash management is to maintain an optimum level of cash balance…
What factors are considered for final selection of avenue for investing cash balance?
As the company cannot afford to keep the excess cash balance idle as it involves the opportunity cost…..
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