The disbursement cycle primarily focuses on the control of cash payments and does not involve other financial transactions, such as investments or loans. true or false 2. EFT (Electronic Funds Transfer) payments are processed and settled instantly, eliminating the risk of delays or float. true or false

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. The disbursement cycle primarily focuses on the control of cash payments and does not involve other financial transactions, such as investments or loans. true or false

2. EFT (Electronic Funds Transfer) payments are processed and settled instantly, eliminating the risk of delays or float. true or false

 

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