Asked by Carlos Paredes Monreal on May 23, 2024
Verified
In QBO,the Check form is used if:
A) We receive a bill and plan to pay later by check.
B) Our payment is made by check at the same time we make a purchase.
C) Our payment is made at the same time we make a purchase and we pay by credit card.
D) Our payment is made at the same time we make a purchase and we pay by cash.
Check Form
A paper instrument that instructs a financial institution to pay a certain amount of money from a person's account to the designated recipient.
Purchase
The act of buying goods or services, resulting in a financial transaction.
Bill
A document indicating an amount owed for goods or services provided.
- Master the use and navigation of different onscreen forms in QuickBooks Online for managing vendors and expenses, including Check, Expense, and Pay Bills forms.
- Comprehend the operational distinctions among Bill, Expense, and Check forms, along with their usage in QuickBooks Online.
Verified Answer
CT
Caden TrafalgarMay 26, 2024
Final Answer :
B
Explanation :
The Check form is used when a payment is made by check at the same time we make a purchase. If we plan to pay a bill later by check, we can use the Bill form. If we make a payment by credit card or cash, we can use the Expense form.
Learning Objectives
- Master the use and navigation of different onscreen forms in QuickBooks Online for managing vendors and expenses, including Check, Expense, and Pay Bills forms.
- Comprehend the operational distinctions among Bill, Expense, and Check forms, along with their usage in QuickBooks Online.
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