Match the Following Transaction Processing Systems to the Activities

question 103

Multiple Choice

Match the following transaction processing systems to the activities.
-accounts receivable

• A)record transactions
• B)reduce the number of items in stock
• C)print employee paychecks
• D)buy new stock from vendors
• E)record what customers owe
• F)print a check for a vendor
• G)summarize monthly income and expenses

---

Definitions:

Financial Accounting Reports

Documents that summarize the financial performance and position of an organization, including income statements, balance sheets, and cash flow statements.

QBO Settings

Configuration options within QuickBooks Online software that allow users to customize accounts, preferences, and features as per their business requirements.

QBO Transactions

Financial activities recorded in QuickBooks Online, such as sales, purchases, payments, and receipts.

QBO Reports

Financial summaries generated within QuickBooks Online, providing insights into various aspects of a business's financial performance.