Question

In which 3 cases would you use the "Add funds to this deposit" grid in a bank deposit?(Select all that apply) 1. When an employee reimburses the company 2. When you receive a tax refund from the IRS 3. When you need to record an ACH payment of a customer invoice 4. When a company doesn't need to record sales details 5. To record the payment of a vendor bill

Answer 1

Select all that apply) 1. When an employee reimburses the company 2. When you receive a tax refund from the IRS 3. When you need to record ...

Answer 2

The cases for which we use the "Add funds to this deposit" are

1. When an employee reimburses the company.
2. When you receive a tax refund from the IRS
3. To record the payment of a vendor bill.

ACH payment does need to use "Add funds to this deposit" because it is an electronic transaction directly to the bank.