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What happens when payments that are held in the Undeposited Funds account are deposited at the bank

Published 10, Dec 2025

ThetaBuddy


Description:
What happens when payments that are held in the Undeposited Funds account are deposited at the bank and it's recorded in QuickBooks?
Select all the options you think apply, and then select Submit.
A. Increases (debits) the Bank account
B. Decreases (credits) the Undeposited Funds account
C. Increases (debits) the Undeposited Funds account
D. Decreases (credits) the Accounts Receivable account
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