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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Agreed with the answers Mr. Ayman Mohammed Atef

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