Which of the Following Activities and QuickBooks Window Used to Record

question 12

Multiple Choice

Which of the following activities and QuickBooks window used to record it is incorrect?

• A)Sell goods and bill customers; Invoice
• B)Record inventory information; Inventory List
• C)Record vendor information; Vendor List
• D)Order goods; Purchase Order

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, usually set by the government.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price in a given period.

Tariffs

Taxes imposed by a government on imported goods.