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A client is using the Sales on Account workflow. Instead of receiving a payment against the invoice, they add a new deposit categorized to an

A client is using the Sales on Account workflow. Instead of receiving a payment against the invoice, they add a new deposit categorized to an income account.

What 2 problems will this cause?(Select all that apply)

  • They will create duplicate expenses
  • Their Accounts Receivable balance will not be accurate
  • The income account will show duplicate income
  • The income will not be recorded
  • Their Accounts Payable balance will not be accurate

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