Which of the Following Transactions Is Recorded by Selecting the "Receive

question 55

Multiple Choice

Which of the following transactions is recorded by selecting the "Receive payment" action of QuickBooks?

• A) making electricity bill payments
• B) selling merchandise inventory on account
• C) collecting an account receivable from a customer
• D) paying interest to bondholders

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Definitions:

Tethering

The practice of connecting one device to another (e.g., a smartphone to a laptop) in order to share the first device’s internet connection with the second device.

Phone's Internet

Mobile data connectivity provided by a cellular network, allowing a smartphone to access the internet.

GPS

Global Positioning System, a satellite-based navigation system that allows an electronic device to determine its precise location, speed, and time anywhere on Earth.

Virtual Host NIC Settings

Configuration options for a Network Interface Card within a virtual machine environment, determining how a virtual host connects to the network.