Question

which of the following is not a method of slowing cash outflows:
A)Lock box system
B)Centralisation of payments
C) Making use of float
D)Reducing frequency of payment​

Answer 1

Answer:

b) centralisation of payments...

Step-by-step explanation:

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Answer 2

Given :- Which of the following is not a method of slowing cash outflows :-

A) Lock box system .

B) Centralisation of payments .

C) Making use of float .

D) Reducing frequency of payment .

Answer :- (A) Lock box system .

As we know that, Method of slowing cash outflows are :-

• Paying on last date .
• Centralisation of payments .
• Inter-bank transfer .
• Making use of float .
• Adjusting payroll funds (It can be done by reducing the frequency of payments .)
• Payments through Drafts .

Hence, (A) Lock box system is not a method of slowing cash outflows .