Which of the following is a cash management arrangement with a bank whereby the organization's customers send payments directly to the client's bank, which deposits the remittance to the client's account?

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This arrangement is known as a Lockbox, where the bank receives customer payments on behalf of the organization and directly deposits them into the client's account, saving time and effort for the organization. Bank transfer refers to funds being moved from one bank account to another, while imprest bank account and imprest account are specific types of accounts with predetermined account balances.

Which of the Following Is a Cash Management Arrangement with a Bank