When Paying a Bill,QuickBooks Automatically

question 3

Multiple Choice

When paying 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)

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Definitions:

Programming Errors

Mistakes or flaws in the code of a software program that can lead to incorrect output, crashes, or vulnerabilities.

Financial

Pertaining to matters involving the management, investment, and study of money and its distribution.

Customer Value

The perception of worth that a product or service has in the mind of the consumer, often influencing their buying decisions.

Internal Accounting Systems

The set of procedures and records that a company's management uses for financial planning, analysis, and decision making within the company.