Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) The check and remittance advice trigger the receive payment process.
B) A bank lockbox provides more protection for cash than a system where cash receipts are mailed to the payee company and then deposited.
C) Good funds are funds on deposit and available for use.
D) From the standpoint of reducing the collector's float, a customer check is a better payment method than a debit card.