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To Set Up the Accounts for Recording Bank Deposit Transactions

Question 25

Multiple Choice

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

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