Lockbox Arrangements for the Collection of Cash Have Which of the Following

question 85

Multiple Choice

Lockbox arrangements for the collection of cash have which of the following as an advantage?

• A)The manual processing associated with maintaining control of the receipts is now shifted to a computer.
• B)Cash is deposited directly into the bank.
• C)The bank usually establishes only one lockbox geographically next to the client to minimize delay in collections.
• D)Eliminates the customer decision for the due date of payment.

---

Definitions:

Navigation Pane

A user interface panel that provides access to folders, files, or functions within a software application.

Undo The Deletions

A feature in software that allows users to revert actions or commands that have led to the deletion of data.

Delete Query

A database operation that removes records from a table that satisfy a specified condition.

Update Query

A query in a database that modifies the values of existing records according to specified criteria.