menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Information Systems Study Set 16
  4. Exam
    Exam 10: The Revenue Cycle: Sales an Cash Collections
  5. Question
    When Customers Send Their Remittances Electronically to the Company's Bank,this
Solved

When Customers Send Their Remittances Electronically to the Company's Bank,this

Question 81

Question 81

Multiple Choice

When customers send their remittances electronically to the company's bank,this is called


A) FEDI.
B) EFT.
C) to use procurement cards.
D) an electronic lockbox.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: Responding to customer inquiries and general customer

Q76: The benefits of a cash lockbox system

Q77: Name and briefly define the two types

Q78: What is the normal procedure for new

Q79: One way to improve sales order entry

Q80: The last step in the revenue cycle

Q82: Describe four threats and identify appropriate controls

Q83: Matching customer accounts and inventory item numbers

Q84: In billing systems,the _ is sent to

Q86: When a customer pays off the balance

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines