Which of these is most apt to delay the collection of cash?
A)Having customers mail checks to a local lockbox rather than the home office
B)Depositing checks throughout the day
C)Posting payments to accounts receivable prior to making deposits
D)Collecting mail more frequently
E)Supplying customers with bar coded payment slips

Question

Quizplus · Accepted Answer

Posting payments to accounts receivable prior to making deposits can delay the actual collection of cash because it prioritizes accounting records over the physical deposit of funds into the bank.

Which of These Is Most Apt to Delay the Collection