Which of the Following Statements Regarding a Lock-Box System Is

Multiple Choice

Which of the following statements regarding a lock-box system is incorrect?

A) Customers send their checks directly to a post office box that belongs to the company.
B) Internal control is tight because company personnel never touch incoming cash.
C) A bank employee empties the box daily and records the deposits into the company's bank account.
D) Cash is put into the company's bank account quickly.