When customer payments are recorded in the Receive Payments window,QuickBooks records:
A)An increase in the Checking account
B)An increase in Sales
C)An increase in Accounts Receivable
D)An increase in Undeposited Funds account

Question

Quizplus · Accepted Answer

When customer payments are recorded in the Receive Payments window, QuickBooks typically increases the Undeposited Funds account, which acts as a temporary holding account until the funds are deposited into the bank.

When Customer Payments Are Recorded in the Receive Payments Window,QuickBooks