Which of the following are features of online banking?A business can receive electronic funds transfers from customers.A business can deposit checks using a dedicated scanner.A business can receive alerts from the bank via text for unusual account activity.All of these are features of online banking.

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Small Business Accounting Review — practice the complete quiz, review flashcards, or try a random question.

Essential Small Business Accounting Tasks
Bookkeeping:
Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.
 


1. Which of the following are features of online banking?
A business can receive electronic funds transfers from customers.
A business can deposit checks using a dedicated scanner.
A business can receive alerts from the bank via text for unusual account activity.
All of these are features of online banking.