Which of the following is not a method of speeding up collections?
A) Lock-box system
B) Use of local bank branches to deposit funds
C) Extended disbursement float
D) Electronic fund transfer

Question

Quizplus · Accepted Answer

Extended disbursement float is not a method of speeding up collections. In fact, it can delay collections by prolonging the amount of time it takes for funds to become available. The other options listed (lock-box system, use of local bank branches, and electronic fund transfer) are all methods that can help to speed up collections.

Which of the Following Is Not a Method of Speeding