Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed. Introduction: Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company. Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Question

Want to see the full answer?

Answer 1

Question

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

why all of you solving using assumptions data i will give unhelpful all of you.

Please if data is clear then solve if data is not coear then plz solve otherwise unhel

Use clear values and give sol

Answer 2

Question

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Answer 6

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Answer 7

Chapter 27, Problem 12CQ

Summary Introduction

To identify: Whether the practice of issuing a cheque without having sufficient amount in bank account, is ethical or not. If it is unethical, then identify that who gets harmed.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 27 - Cash Management Is it possible for a firm to have...Ch. 27 - Cash Management What options are available to a...Ch. 27 - Prob. 3CQ Ch. 27 - Cash Management versus Liquidity Management What...Ch. 27 - Prob. 5CQ Ch. 27 - Collection and Disbursement Floats Which would a...Ch. 27 - Prob. 7CQ Ch. 27 - Short-Term Investments For each of the short-term...Ch. 27 - Prob. 9CQ Ch. 27 - Prob. 10CQ

Solution Summary: The author explains the unethical practice of issuing a cheque without having sufficient amount in bank account. If the check gets bounced, both parties can face legal charges.

Videos

Want to see the full answer?

Chapter 27 Solutions