Which of the Following Is Not a Method of Speeding

question 99

Multiple Choice

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

• A) Lock-box system.
• B) Regional collection centers.
• C) Extended disbursement float.
• D) All of the options are methods for speeding up collections.

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Definitions:

Public Institution

An organization established by the government to serve the public’s interest, typically funded by public money.

Enterprise Fund

A fund used by a government to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.

Statement of Net Position

The Statement of Net Position is a financial report that details the assets, liabilities, and net worth (equity) of an entity at a specific point in time, akin to a balance sheet in the private sector.