Multiple Choice
A customer is instructed to send his remittance advice and check to a bank's postal address. This method for collecting customer cash receipts is called:
A) electronic funds transfer
B) automated clearing house
C) Check 21
D) Lockbox
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q55: Which of the following segregation of duties
Q56: Which of the following statements is false?<br>A)
Q57: An electronic bill presentment and payment (EBPP)
Q58: Organizations should monitor _ to ensure that
Q59: The billing system in which the invoice
Q61: A(n) _ is a business document used
Q62: Funds on deposit and available for use
Q63: In an entity-relationship (E-R) diagram for the
Q64: Which of the following statements regarding Check
Q65: With the biller direct method of an