Question: When an organization uses a lock box procedure for depositing payments, Question 20 options: payers mail payments directly to a bank, which deposits the money.

When an organization uses a lock box procedure for depositing payments, Question 20 options: payers mail payments directly to a bank, which deposits the money. payments are wired directly to a bank. the organization stores payments in a locked box until they are sent to a bank for deposit. payments are directly deposited into an organization's secure account

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