Carmen is making an interbank transfer of $1,500 from Bank A to Bank B to cover an overdraft. What is the effect of entering this transaction in Transfer within QuickBooks? Select an answer: It records the transfer she made. It instructs Bank A to transfer the funds. It informs Bank B that the funds are on the way.
Carmen is making an interbank transfer of $1,500 from Bank A to Bank B to cover an overdraft. What is the effect of entering this transaction in Transfer within QuickBooks? Select an answer: It records the transfer she made. It instructs Bank A to transfer the funds. It informs Bank B that the funds are on the way.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Carmen is making an interbank transfer of $1,500 from Bank A to Bank B to cover an overdraft. What is the effect of entering this transaction in Transfer within QuickBooks?
Select an answer:
-
It records the transfer she made.
-
It instructs Bank A to transfer the funds.
-
It informs Bank B that the funds are on the way.
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