A bill from a vendor is considered an
a liability.
b transaction.
c debit.
d account.
Vendor activities in QuickBooks Online use the
a Write Checks, Enter Invoices, and Pay Vendors windows.
b Enter Vendors, Record Accounts, and Check windows.
c Pay Bills, Journal, and Check windows.
d Bill, Pay Bills, and Check windows.
When you enter a bill from a vendor, QuickBooks Online
a requires you to enter the default account numbers.
b automatically credits the Accounts Payable account.
c automatically decreases the Cash account.
d automatically debits the Accounts Payable account.
In QuickBooks Online, which window is used to record a purchase on account?
a Bill
b Invoice
c Pay Bills
d Check
A purchase on account
a is posted to the Accounts Payable account by default.
b is the same as a credit memo.
c is not included in vendor reports.
d must be immediately paid.
A vendor credit reduces
a the amount of time you have to pay the vendor.
b your accounts receivable balance.
c your inventory.
d the balance owed to the vendor.
