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
Q9: Which option is true in the Account
Q10: When should you not display and print
Q11: To reconcile a cheque on a deposit
Q12: Which one of the following general statements
Q13: Before using the deposit slip journal for
Q15: When you compare the general ledger or
Q16: Cash and cheques are recorded differently on
Q17: You will have an unresolved reconciliation amount
Q18: To enter NSF cheques when deposit slips
Q19: Automatic fixed monthly payments such as auto