Question: Cash concentration is best defined as: Multiple Choice combining a firm's bills so that disbursement checks are mailed only monthly. combining cash from multiple bank

Cash concentration is best defined as:

Multiple Choice

  • combining a firm's bills so that disbursement checks are mailed only monthly.

  • combining cash from multiple bank accounts into a firm's main bank accounts.

  • combining a week's worth of cash receipts into one bank deposit.

  • combining an entire firm's daily receipts into one bank deposit.

  • using multiple lockboxes for collecting cash payments.

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