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A lockbox system O enables a firm to completely eliminate/outsource its accounts receivable function O deals with cash being received at a post office box

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A lockbox system O enables a firm to completely eliminate/outsource its accounts receivable function O deals with cash being received at a post office box that is controlled by the company's bank O increases a company's inherent risk, as the firm is now more susceptible to fraud and error O is only used by large companies that can afford to pay for this service

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