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A deposit is posted to Accounts Receivable and is assigned to a customer with no outstanding invoices. In which account will this transaction be reflected

  • A deposit is posted to Accounts Receivable and is assigned to a customer with no outstanding invoices.
  • In which account will this transaction be reflected on a Cash Basis Profit & Loss report?

  • Uncategorized Income

  • Uncategorized Expense

  • Sales of Product Income
  • Unapplied Cash Payment Income

  • Unapplied Cash Bill Payment Expense

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