Question: What is NOT true about a lock - box system? What is NOT true about a lock - box system? Customers send their payments to
What is NOT true about a lockbox system?
What is NOT true about a lockbox system?
Customers send their payments to a post office box that belongs to a bank.
Company personnel never touches the incoming cash.
All the choices are true.
A bank employee empties the box weekly and records the deposits into the company's bank account.
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