When Recording a Bill,QuickBooks Automatically

question 16

Multiple Choice

When recording a bill,QuickBooks automatically:

• A)Records an expense (credit)and the obligation to pay later (debit)
• B)Records an expense (debit)and the obligation to pay later (credit)
• C)Reduces the liability (debit)and the checking account (credit)
• D)Reduces the liability (credit)and the checking account (debit)

---

Definitions:

End-User

The final consumer of a product or service who uses it for its intended purpose.

ROI

Return on Investment, a financial metric used to evaluate the efficiency and profitability of an investment, calculated by dividing the net profit by the initial cost.

Marketing Plan

A strategic document outlining an organization's advertising and marketing efforts over a certain period of time.

Sales Presentation

A pitch or demonstration given to potential customers to introduce a product or service and persuade them to make a purchase.