_________ are special post office boxes often set up by the firm to expedite the receipt and processing of its accounts receivables payments.

Question

Quizplus · Accepted Answer

Lockboxes are special post office boxes used by firms to speed up the collection and processing of accounts receivable payments. This system allows companies to receive payments directly at the bank, reducing the time it takes for payments to clear.

_________ Are Special Post Office Boxes Often Set Up by the Firm