Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
A client has been accepting customer deposits on larger jobs and has created a Customer Deposits liability account as well as a customized report showing
A client has been accepting customer deposits on larger jobs and has created a Customer Deposits liability account as well as a customized report showing the details of this account. When they run the saved customized report it is 150 pages long, even though the client is pretty sure that no customers have any deposits outstanding at this time.
Which 2 situations might cause this long report?
(Select all that apply)
- The customized report is not filtered for Cleared Status = Uncleared
- The client is not up to date on reconciling the Customer Deposits liability account
- The Customer Deposit account was changed to an asset account
- The report has been run on a cash basis
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started