Look at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________. Which option correctly fills in these two sentences? 1. To match your bank register with your bank statement; 2. the Deposit to account is Checking 2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds 3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset 4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds

Look at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy _. When receiving a payment, make sure _______. Which option correctly fills in these two sentences? 1. To match your bank register with your bank statement; 2. the Deposit to account is Checking 2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds 3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset 4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 16MC: Which of the following are found on the bank side of the bank reconciliation? A. NSF check B....

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Look at these two sentences about Undeposited Funds in QBO: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________. Which option correctly fills in these two sentences?1. To match your bank register with your bank statement; 2. the Deposit to account is Checking2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
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