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Author Question: In a lockbox system, bank employees are responsible for opening cash receipts and maintaining ... (Read 102 times)

rubiosusy7

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Question 1

If a company uses a periodic inventory system, the shipping records are used to update the inventory quantities.
◦ true
◦ false

Question 2

In a lockbox system, bank employees are responsible for opening cash receipts and maintaining records of all payments made by customers at the lockbox address.
◦ true
◦ false


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Marked as best answer by rubiosusy7 on Aug 21, 2022

xinyifff

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rubiosusy7

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Reply 2 on: Aug 21, 2022
Wow, this really help


tuate

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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