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

Question

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Lockboxes are special post office boxes that allow a company to receive payments directly from its customers. This expedites the receipt and processing of accounts receivables payments, as the payments are sent directly to the lockbox and can be quickly processed by the firm.

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