MCQs > Finance & Management > QuickBooks > When a customer's deposit is recorded using the Make Deposits window, QuickBooks creates a behind-the-scenes journal entry that will do what?

QuickBooks MCQs

When a customer's deposit is recorded using the Make Deposits window, QuickBooks creates a behind-the-scenes journal entry that will do what?

Answer

Correct Answer: Debit Checking and credit Undeposited Funds.

Explanation:

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