Special post office boxes set up by the firm to expedite the receipt and processing of its accounts receivables are called

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The special post office boxes set up by the firm to expedite the receipt and processing of its accounts receivables are called lockboxes. Lockboxes are used to reduce the time between the receipt of payment by the firm and the availability of funds in their account, thus improving cash flow.

Special Post Office Boxes Set Up by the Firm to Expedite