Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What 2 reasons from the options shown here might mean a transaction needs to be excluded in bank feeds? (Select all that apply) If the

What 2 reasons from the options shown here might mean a transaction needs to be excluded in bank feeds?

(Select all that apply)

  • If the downloaded transaction was already recorded and reconciled in QuickBooks Online
  • If the bank downloads the same transaction more than once
  • If the posting date and actual payment date don't match in the bank feed
  • If bank description doesn't match the payee name

Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

8th edition

978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422

More Books

Students also viewed these Accounting questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago