A bus farebox that conducts transit fare transactions accepts magnetically- encoded farecards, currency bills or tickets, or coins or tokens tendered for fare. Fare processing is conducted on the basis of a selected one of a set of fare tables electrically stored in the farebox. The farebox has provision for accumulating audit information based upon a plurality of fare transactions. The accumulated audit data and a cashbox are released from the farebox in response to commands received by the farebox from a communication system located at a bus terminal station. IMAGE
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