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QUESTION 16 The Check Register: Is located directly on the Company section of the Home page Keeps track of company deposits only Records payments and
QUESTION 16 The Check Register: Is located directly on the Company section of the Home page Keeps track of company deposits only Records payments and deposits to the Checking account Lists all accounts and their account numbers QUESTION 17 To verify that your system reflects your correct checking or savings account balance you would do which of the following: Reconcile Bank Statements Record Deposits Print Checks Edit Chart of Accounts QUESTION 18 The Undeposited Funds account is used for what purpose? It is used to create sales receipt from one-time versus repeat customers It is used to post customer payments and other checks as they are received but not yet deposited. It is intended to be used to record cash that the company does not want to report as income. None of the above
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