What QuickBooks Activity Comes Next in This Series of Business

question 2

Multiple Choice

What QuickBooks activity comes next in this series of business activities: Purchase Order > Receive Items > Enter Bills > ______

• A)Receive Payments
• B)Pay Bills
• C)Deposit
• D)Vendors List

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure accuracy.

Accounts Receivable

Dues from clients to a corporation for goods or services already benefited from but yet to be paid for.

Debit Entries

Accounting records that increase an asset or expense account, or decrease a liability, equity, or revenue account.

Credit Entries

Accounting entries that increase liability or equity accounts or decrease asset or expense accounts.