Look at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________. Which option correctly fills in these two sentences? 1. To match your bank register with your bank statement; 2. the Deposit to account is Checking 2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds 3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset 4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Look at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________. Which option correctly fills in these two sentences? 1. To match your bank register with your bank statement; 2. the Deposit to account is Checking 2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds 3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset 4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 16MC: Which of the following are found on the bank side of the bank reconciliation? A. NSF check B....
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Look at these two sentences about Undeposited Funds:
By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________.
When receiving a payment, make sure _________________.
Which option correctly fills in these two sentences?
1. To match your bank register with your bank statement; 2. the Deposit to account is Checking
2. To match your bank register with your bank statement; 2. the Deposit to account is Uncategorized Funds
3. To match your expenses with your bank statement; 2. the Deposit to account is Uncategorized asset
4. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
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