Test Bank 12-What type of transaction do you create when using an EFT, online payment, or wire transfer to move funds out of your account? A. Feed B. Expense C. Deposit D. Transfer 13-In the Chart of Accounts, what are bank accounts listed as? A. Credits B. Debits C. Assets. D. Liabilities 16- Which statement about making deposits is TRUE? A. Funds received through sales are held in Savings, and you must move them to Checking. B. Funds received through sales are held in Undeposited Funds, and you must move them to your bank account. C. Funds received through sales are held in Accounts Payable, and you must move them to your bank account. D. Funds received through sales are held in Accounts Receivable, and you must move them. to your bank account. QuickBooks Online Page 3 of 6