Question 11: Which statement about making deposits is TRUE? Answer: A. B. C. D. Funds received through sales are held in Savings, and you must move them to Checking Funds received through sales are held in Undeposited Funds, and you must move them to your bank account Funds received through sales are held in Accounts Payable, and you must move them to your bank account. Funds received through sales are held in Accounts Receivable, and you must move them to your bank account

Question 11: Which statement about making deposits is TRUE? Answer: A. B. C. D. Funds received through sales are held in Savings, and you must move them to Checking Funds received through sales are held in Undeposited Funds, and you must move them to your bank account Funds received through sales are held in Accounts Payable, and you must move them to your bank account. Funds received through sales are held in Accounts Receivable, and you must move them to your bank account

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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