Which of the Following Is Not a Method of Speeding

question 6

Multiple Choice

Which of the following is not a method of speeding up collections?

• A) lock-box system
• B) regional collection centres
• C) extended disbursement float
• D) All of the answers are methods for speeding up collections.

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Definitions:

Mortgage Note Payable

A liability representing a borrower's obligation to repay a loan secured by property, typically including terms like interest rate and maturity date.

Installment Payments

Payments made over a period of time to settle a debt, typically including both principal and interest components.

Journal Entries

Records that document all the financial transactions of a business and show the accounts affected by each transaction.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as its original cost minus accumulated depreciation or amortization.