Which of the following is not a method of speeding up collections?
A)Lock-box system
B)Regional collection centers
C)Extended disbursement float
D)All of the options are methods for speeding up collections.

Question

Quizplus · Accepted Answer

Extended disbursement float refers to the delay in funds leaving a customer's account after they make a payment. It is not a method of speeding up collections, but rather a way to delay the outflow of cash. The other options - lock-box system and regional collection centers - are methods that can speed up the collection process.

Which of the Following Is Not a Method of Speeding