When a bill is paid, the accountant's personal checking account is reduced for the amount of the payment.

Name: When a bill is paid, the accountant's personal checking account is reduced for the amount of the payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The accountant's personal checking account should not be used for paying company bills. Instead, funds should be transferred from the company's account to pay bills, and the accountant should record the transaction in the company's books.

When a Bill Is Paid, the Accountant's Personal Checking Account