In QBO,what Is the Difference Between the Vendor Transaction Bill

question 16

Multiple Choice

In QBO,what is the difference between the vendor transaction Bill and Expense?

• A)Expense - records services received that will be paid for later thus creating an account payable.
• Bill - record expenses paid for using cash,check or credit card at the time a product or service is received.
• B)Expense - record expenses paid for in cash,check or credit card at the time the product or service is received.
• Bill - tracks products ordered from vendors which will be billed when received.
• C)Expense - records a vendor refund received which reduces what a company owes the vendor.
• Bill - record services received that will be paid for later creating an account payable.
• D)Expense - record expenses paid for using cash,check or credit card at the time a company receives the product or service.
• Bill - record services received that will be paid for later creating an account payable.

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Definitions:

Young-Old

The term young-old refers to people in the earlier phase of old age, typically those aged 65 to 74 years, who are often more active and healthy than those in later stages.

Middle-Aged Adult

An individual who is in the middle phase of life, typically considered to be between the ages of 40 and 65.

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Emotional Development

The process through which individuals learn to recognize, express, and manage their emotions over their lifespan.