When recording a cash sale, QuickBooks Desktop puts the money from the cash sale into the_____ until you record a deposit to a bank account.
A)Sales Ledger
B)Receipts file
C)Undeposited Funds account
D)Accounts Receivable Ledger

Question

Quizplus · Accepted Answer

When recording a cash sale in QuickBooks Desktop, the money is placed in the Undeposited Funds account until you make a record of the deposit to a bank account. This account acts as a temporary holding place for payments received before they are deposited into the bank.

When Recording a Cash Sale, QuickBooks Desktop Puts the Money