question archive 1)Bad Debts Expense is an income statement account used to report the losses associated with the asset account___________________ _____________________? 2)What does it mean when you have a balance in Undeposited Funds? A) It means that there are open invoices from clients that they have not yet paid
1)Bad Debts Expense is an income statement account used to report the losses associated with the asset account___________________ _____________________? 2)What does it mean when you have a balance in Undeposited Funds? A) It means that there are open invoices from clients that they have not yet paid
Subject:BusinessPrice: Bought3
1)Bad Debts Expense is an income statement account used to report the losses associated with the asset account___________________ _____________________?
2)What does it mean when you have a balance in Undeposited Funds?
A) It means that there are open invoices from clients that they have not yet paid.
B) It means you deposited the money in the bank, but the funds are not cleared yet
C) This is the amount of cash payments that were not deposited to avoid paying taxes
D) There are any customer payment received, that have not yet been deposited via Quickbooks
