What Is The Undeposited Funds Account? – InterviewSolution

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1.

What Is The Undeposited Funds Account?

Answer»

The temporary account that QuickBooks USES when a PAYMENT is RECEIVED from a client but not DEPOSITED in the bank (QuickBooks bank REGISTER) yet.

The temporary account that QuickBooks uses when a payment is received from a client but not deposited in the bank (QuickBooks bank register) yet.

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