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)

Question

Quizplus · Accepted Answer

When recording a bill in QuickBooks, it records an expense as a debit and the obligation to pay later as a credit to accounts payable.

When Recording a Bill,QuickBooks Automatically