Which of the following transactions is recorded in the "Enter Bills" function of QuickBooks?
A)A firm paying an electricity bill
B)A firm receiving a utility bill
C)A firm writing down the value of an impaired asset
D)A firm making coupon payments to the bondholders

Question

Quizplus · Accepted Answer

The "Enter Bills" function is used to record bills received by the firm, such as utility bills, and enter them as accounts payable in QuickBooks. Option A is recorded in the "Pay Bills" function, option C is recorded in "Journal Entries" function, and option D is recorded in "Write Checks" function.

Which of the Following Transactions Is Recorded in the "Enter