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What Statement Is True Regarding a Company's Bank and Credit

Question 11

Multiple Choice

What statement is true regarding a company's bank and credit card in QBO?


A) QBO can connect a company's bank account and its credit card resulting in expenses being automatically downloaded from the bank or credit card to QBO.QBO then prepares transactions related to both of these expenses.
B) QBO can connect a company's bank account but not its credit card resulting in expenses written by check or electronically deducted from the bank being automatically downloaded from the bank to QBO.QBO then prepares transactions related to bank account expenses.
C) QBO can connect a company's credit card but not a bank account resulting in expenses being automatically downloaded from the credit card to QBO.QBO then prepares transactions related to credit card expenses.
D) QBO users will manually enter in all bank and credit card expenses; QBO will not assume the responsibility of automatically downloading from these types of accounts.

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