The cash receipts process can be accelerated by using the ACH network because it is:
A) an immediate process
B) a periodic process
C) a type of EFT process
D) a batch process

Question

Quizplus · Accepted Answer

The ACH network is a type of electronic funds transfer (EFT) process that allows for the transfer of funds from one bank account to another. Using the ACH network can accelerate the cash receipts process because it eliminates the need for physical checks and allows for faster processing times compared to traditional check payments. However, it is not an immediate process, and batches of transactions are typically processed at predetermined intervals.

The Cash Receipts Process Can Be Accelerated by Using the ACH