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
Correct Answer:

Verified
Correct Answer:
Verified
Q4: You would use deposit reference no. when
Q5: After adding all the prior outstanding transactions
Q6: You will have an unresolved reconciliation amount
Q7: All but one of the following are
Q8: If the session date is May 31st,
Q10: When you compare the general ledger or
Q11: Which one of the following general statements
Q12: When should you not display and print
Q13: Which one of the following general statements
Q14: Which one is not a safeguard for