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Which one of the following is most apt to delay the collection of cash? Having customers mail checks to a local lockbox rather than the
Which one of the following is most apt to delay the collection of cash?
Having customers mail checks to a local lockbox rather than the home office | ||
Depositing checks throughout the day | ||
Posting payments to accounts receivable prior to making deposits | ||
Collecting mail twice daily | ||
Supplying customers with bar coded payment slips |
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