A lockbox system can reduce all of the following elements of float EXCEPT
A) mail float.
B) processing float.
C) transit float.
D) disbursing float.

Question

Quizplus · Accepted Answer

A lockbox system can reduce mail float, processing float, and transit float as it enables faster receipt and processing of checks. However, disbursing float is not under the control of the lockbox system and depends on the company's payment policies and procedures.

A Lockbox System Can Reduce All of the Following Elements