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Describe the following terms and explain how their use helps a firm improve its control over cash. The text doesn't cover the control aspects of
Describe the following terms and explain how their use helps a firm improve its control over cash. The text doesn't cover the control aspects of these very well, so just see what you can figure out on that issue.
a) Lockbox account
b) General checking account
c) Imprest bank account
d) Imprest petty cash fund
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