Which of the following is a method used to speed up cash receipts?
A) lock box
B) electronic funds transfer
C) writing a check
D) A and B above
E) B and C above

Question

Quizplus · Accepted Answer

Lock box and electronic funds transfer are methods used to speed up cash receipts by reducing the time it takes for a company to receive and process payments. Writing a check is a method of making a payment, not speeding up cash receipts.

Which of the Following Is a Method Used to Speed