When Using the Navigation Bar to Enter Expense Transactions in QBO,a

question 11

Multiple Choice

When using the Navigation Bar to enter expense transactions in QBO,a user must perform the following:

• A)Select Create (+)and click on the drop down arrow for New transaction.Next,select the type of transaction and complete the online form.
• B)Select Expenses and click on the drop-down arrow for New transaction.Next,select the type of new transaction and complete the online form.
• C)Select Accounting and select New transaction from the Vendors transaction selection shown.
• D)Select Create (+)and select New transaction from the Vendor transactions shown.

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Definitions:

Charitable Tax Relief

Financial deductions available to taxpayers who make contributions to legally recognized nonprofit organizations.

Valid and Enforceable

Pertaining to a contract or agreement that is legally binding and can be upheld in a court of law.

Statute of Frauds

A legal requirement that certain types of contracts be memorialized in a signed writing with sufficient content to evidence the contract.

Contract of Guarantee

A contract where a third party agrees to be responsible for the debt or obligations of a borrower in case the borrower fails to fulfill their contractual obligations.