Multiple Choice
When a bill is entered into QuickBooks using the Enter Bills window,QuickBooks:
A) Decreases an Expense account and increases the Accounts Payable account
B) Increases an Expense account and increases the Accounts Payable account
C) Increases the Accounts Receivable account and increases the Income account
D) Decreases the Accounts Receivable account and decreases Accounts Payable account
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The journal entry behind the screen that
Q6: When a bill is paid in QuickBooks
Q7: Which one of the following is a
Q8: Briefly explain why it is important for
Q9: Which one of the following is a
Q11: List 3 (three)different ways to access Vendor
Q12: Which one of the following is not
Q13: To view journal entries that QuickBooks creates
Q15: Form 1099 is used to:<br>A)Report the amount
Q22: Vendor reports can be accessed in QuickBooks