Question: 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.

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 14. Elijah wants to make sure what he enters into QuickBooks matches what's on his bank statement. He should perform a(n) : A. bank match B. account match C. reconciliation D. discrepancy search 15. Fajer's reconciliation shows a difference between her QuickBooks account and bank statement. What's the first thing she should do to try to resolve it? A. Look for a transaction in the same amount as the difference and ensure whether it should be cleared. B. Determine whether there is a bank error. C. Cancel the reconciliation and start over or change the difference to a previously cleared amount. D. Run a Reconciliation Discrepancy report. 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
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