To set up the accounts for recording bank deposit transactions separately from sales and receipts all but one of the following are required -
A) create a separate account for the undeposited receipts
B) set up the bank account receiving the deposits for account reconciliation
C) choose the undeposited receipts account as the account for receipts and cash sales
D) assign the bank or cash class to the undeposited receipts account
Correct Answer:
Verified
Q16: Which one of the following items may
Q17: To reconcile a cheque on a deposit
Q18: When you compare the general ledger or
Q19: To enter NSF cheques when deposit slips
Q20: The account reconciliation linked accounts -
A) identify
Q21: The Banking module window includes journal icons
Q22: To transfer funds to and from credit
Q23: Cash and cheques are recorded differently on
Q24: Before using the deposit slip journal for
Q26: To reconcile a credit card receivable account
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