Transit float is caused by

A) the time required for the firm to process remittance checks.
B) the time funds are not available, through the company's bank account, until its payment
check has cleared the banking system.
C) the elapsed time from the moment a customer mails his remittance check until the firm begins
to process it.
D) the time necessary for a deposited check to clear the banking system and become usable funds
to the company.


D

Business

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