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    Accounting Information Systems Study Set 1
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    Exam 11: The Billingaccounts Receivablecash Receipts Barcr Process
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    A Lockbox Is a Postal Address Maintained by a Third
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A Lockbox Is a Postal Address Maintained by a Third

Question 16

Question 16

True/False

A lockbox is a postal address maintained by a third party-typically a bank-which is used solely for the purpose of collecting checks.

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