When you record the receipt of a customer payment QuickBooks reduces _______ and increases ________.
A)Bank Account, Accounts Receivable
B)Accounts Payable, Undeposited Funds
C)Accounts Receivable, Undeposited Funds
D)Accounts Receivable, Bank Account

Question

Quizplus · Accepted Answer

When a customer payment is recorded, QuickBooks reduces Accounts Receivable (indicating the customer owes less) and increases Undeposited Funds (indicating the money is received but not yet deposited in the bank).

When You Record the Receipt of a Customer Payment QuickBooks