Question

The cash receipts process can be accelerated by using the ACH network because it is:

a. an immediate process
b. a periodic process
c. a type of EFT process
d. a batch process

Answer 1

The cash receipts process can be accelerated by using the ACH network because it is a type of EFT process.

Step-by-step explanation:

The correct answer is c. a type of EFT process. ACH stands for Automated Clearing House, which is an electronic network used for various types of financial transactions. It allows for the transfer of funds between accounts on a scheduled basis, making it a type of electronic funds transfer (EFT) process.