Question
QUICKBOOKS: You reconcile a clients bank account up to today and see that their Undeposited Funds account has a debit balance for today. The client
QUICKBOOKS:
You reconcile a clients bank account up to today and see that their Undeposited Funds account has a debit balance for today. The client has told you that all payments have been deposited.
What else will you likely find?
- Overstated income
- Understated expenses
- Overstated accounts receivable
- Post-dated Receive payments transactions
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
14th Edition
0324374178, 978-0324374179
