What Is the Process in QBO Used to Record a Bill

question 7

Multiple Choice

What is the process in QBO used to record a bill received that will be paid later?

• A)Select the Create Icon (+),then select Bill and Vendor from the Vendor List drop-down menu (many items will auto-fill when vendor is selected).After a vendor is selected,open purchase orders appear and select Add to add the purchase order to the bill.
• B)Select the Gear Icon,then select Bill and Vendor from the Vendor List drop-down menu (many items will auto-fill when vendor is selected).After a vendor is selected,open purchase orders appear and select Add to add the purchase order to the bill.
• C)Select the Create Icon (+),then select Vendor from the Vendor List drop-down menu (many items will auto-fill when vendor is selected)then select Bill.After a Bill is selected,open purchase orders appear and select Add to add the purchase order to the bill.
• D)Select the Gear Icon,then select Vendor from the Vendor List drop-down menu (many items will auto-fill when vendor is selected)then select Bill.After a Bill is selected,open purchase orders appear and select Add to add the purchase order to the bill.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, or insurance premiums.

Unitised

Refers to the conversion of a product or service into quantifiable units, typically for ease of calculation, tracking, or comparison.

Special Decisions

Decisions made in unique or non-recurring situations requiring specific analysis or responses.

Annual Operating Costs

The total expenses associated with the day-to-day functioning of a business or project over one year.