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Accounting. Audit and Tax
CPAnet Forum : Accounting. Audit and Tax

Topic: LockBox (

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sapjenny
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Joined: 21 Apr 2011
Online Status: Offline
Posts: 2

Posted: 21 Apr 2011 at 20:47 \| IP Logged

If the Business had sold a Laptop for $500 to a customer John and sent a invoice for $500. Now John needs to make the payment thru check .What is the LockBox concept? Can some explain the process please?

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