Who is generally responsible for opening receipts when a company uses a lockbox to speed the handling of cash receipts?
A) company personnel
B) temporary employees in the town where the lockbox is located
C) bank employees
D) company controller

Question

Quizplus · Accepted Answer

Bank employees are generally responsible for opening receipts when a company uses a lockbox system, as the system is designed to have payments sent directly to a post office box that the bank accesses, thus speeding up the deposit process.

Who Is Generally Responsible for Opening Receipts When a Company