When Recording a Bill,QuickBooks Automatically

question 16

Multiple Choice

When recording a bill,QuickBooks automatically:

• A)Records an expense (credit)and the obligation to pay later (debit)
• B)Records an expense (debit)and the obligation to pay later (credit)
• C)Reduces the liability (debit)and the checking account (credit)
• D)Reduces the liability (credit)and the checking account (debit)

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Definitions:

Sensorimotor Period

The stage in early childhood development, according to Piaget, from birth to about 2 years, where infants learn through interacting with their environment using their senses and motor activity.

Mental Exploration

The process of thinking, analyzing, questioning, and reflecting internally, often leading to new ideas or understanding.

Cognitive Processes

Mental activities involved in the acquisition, processing, storage, and retrieval of information, including perception, memory, thinking, and problem solving.

Developmental Sequence

The order in which a series of developmental milestones are achieved, often pertaining to physical, cognitive, or emotional growth.