Your client is using advanced matching in the bank feed to find a match for a deposit that was made last week. While in the match transactions screen, he realizes that a rebate cheque was missing from the deposit, and he wants to enter it right onto the deposit. What two things are true about using the resolve difference feature in this scenario?
Your client is using advanced matching in the bank feed to find a match for a deposit that was made last week. While in the match transactions screen, he realizes that a rebate cheque was missing from the deposit, and he wants to enter it right onto the deposit. What two things are true about using the resolve difference feature in this scenario?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Certification
Question 37 of 50
Your client is using advanced matching in the bank feed to find a match for a deposit that was made last week. While in
the match transactions screen, he realizes that a rebate cheque was missing from the deposit, and he wants to enter it
right onto the deposit. What two things are true about using the resolve difference feature in this scenario?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please
try again.
O QuickBooks Online creates a journal entry to reflect the added information
QuickBooks Online creates a new deposit to reflect the added information
O The total amount of the deposit - including the resolving transaction - will appear as two separate deposits on your bank reconciliation
screen
The total amount of the deposit - including the resolving transaction- will appear as a single deposit on your bank reconciliation scroen
QuickBooks Online creates a resolving transaction that posts to a Roconciliation Discropancy account that gets automatically created](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9cffbc5-75b7-473b-86ac-46a3f7f0cd6f%2Fe8fe96a3-1faa-4d0a-bdec-0ccff3d1b12f%2Fviid9n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Certification
Question 37 of 50
Your client is using advanced matching in the bank feed to find a match for a deposit that was made last week. While in
the match transactions screen, he realizes that a rebate cheque was missing from the deposit, and he wants to enter it
right onto the deposit. What two things are true about using the resolve difference feature in this scenario?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please
try again.
O QuickBooks Online creates a journal entry to reflect the added information
QuickBooks Online creates a new deposit to reflect the added information
O The total amount of the deposit - including the resolving transaction - will appear as two separate deposits on your bank reconciliation
screen
The total amount of the deposit - including the resolving transaction- will appear as a single deposit on your bank reconciliation scroen
QuickBooks Online creates a resolving transaction that posts to a Roconciliation Discropancy account that gets automatically created
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