Question

Review these two sentences about undeposited funds. 1. by posting to undeposited funds, you can create a single bank deposit for multiple payments, making it easy ___________. 2. when receiving a customer payment, make sure _________________. which of the options below correctly fills in the blanks?

Answer 1

By posting to undeposited funds, you can consolidate multiple payments into a single bank deposit, making it easy to keep track of transactions. When receiving a customer payment, make sure to match it to the corresponding invoice for accurate accounting.

Step-by-step explanation:

In the first sentence, the correct option to fill in the blank is to consolidate payments. By posting to undeposited funds, you can consolidate multiple payments into a single bank deposit, which makes it easier to keep track of your transactions.

In the second sentence, the correct option to fill in the blank is to match the payment to the corresponding invoice. When receiving a customer payment, you need to ensure that it is correctly allocated to the respective invoice for accurate accounting.