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Identify the two best reasons that may indicate a transaction should be excluded in bank feeds. If the posting date and the actual payment date don't match in the bank feed If the client told you the transaction should be excluded To remove transactions that were manually uploaded in error If the transaction has already been manually posted and reconciled in QuickBooks Online If bank description doesn't match the payee name

Identify the two best reasons that may indicate a transaction should be excluded in bank feeds. If the posting date and the actual payment date don't match in the bank feed If the client told you the transaction should be excluded To remove transactions that were manually uploaded in error If the transaction has already been manually posted and reconciled in QuickBooks Online If bank description doesn't match the payee name

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Identify the two best reasons that may indicate a transaction should be excluded in bank feeds. If the posting date and the actual payment date don't match in the bank feed If the client told you the transaction should be excluded To remove transactions that were manually uploaded in error If the transaction has already been manually posted and reconciled in QuickBooks Online If bank description doesn't match the payee name
Transcribed Image Text:Identify the two best reasons that may indicate a transaction should be excluded in bank feeds. If the posting date and the actual payment date don't match in the bank feed If the client told you the transaction should be excluded To remove transactions that were manually uploaded in error If the transaction has already been manually posted and reconciled in QuickBooks Online If bank description doesn't match the payee name
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