Question 11: Which statement about making deposits is TRUE? Answer: A. B. C. D. Funds received through sales are held in Savings, and you must move them to Checking Funds received through sales are held in Undeposited Funds, and you must move them to your bank account Funds received through sales are held in Accounts Payable, and you must move them to your bank account. Funds received through sales are held in Accounts Receivable, and you must move them to your bank account

Question 11: Which statement about making deposits is TRUE? Answer: A. B. C. D. Funds received through sales are held in Savings, and you must move them to Checking Funds received through sales are held in Undeposited Funds, and you must move them to your bank account Funds received through sales are held in Accounts Payable, and you must move them to your bank account. Funds received through sales are held in Accounts Receivable, and you must move them to your bank account

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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