Sales in QuickBooks Can Be Recorded with All of the Following

question 11

Multiple Choice

Sales in QuickBooks can be recorded with all of the following means of payment,except:

• A)Cash
• B)Check
• C)Credit Card
• D)Purchase Order

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Definitions:

Debtor's Estate

The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.

Trustee

A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.

Secured Party

An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.

Collateral

Property or other assets that a borrower offers to a lender to secure a loan.