To Set Up the Accounts for Recording Bank Deposit Transactions

question 14

Multiple Choice

To set up the accounts for recording bank deposit transactions separately from sales and receipts all but one of the following are required -

• A)create a separate account for the undeposited receipts
• B)set up the bank account receiving the deposits for account reconciliation
• C)choose the undeposited receipts account as the account for receipts and cash sales
• D)assign the bank or cash class to the undeposited receipts account

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Definitions:

Conceptual Distinctions

The differences established between theories, ideas, or concepts through analytical thinking and clarification of terms.

Linguistic Determinism Hypothesis

A theory suggesting that the language a person speaks determines their thoughts and perceptions of the world.

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The production of repetitive syllables by infants, an early stage in language development signaling experimentation with sounds.