What is NOT true about a lock-box system? A bank employee empties the box...
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Accounting
What is NOT true about a lockbox system? A bank employee empties the box weekly and records the deposit into the company's bank ace Customers send their payments to a post office box that belongs to a bank. All the choices are true. Company personnel never touches the incoming cash.
What is NOT true about a lockbox system?
A bank employee empties the box weekly and records the deposit into the company's bank ace
Customers send their payments to a post office box that belongs to a bank.
All the choices are true.
Company personnel never touches the incoming cash.
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You can see the logs in the Dashboard.