When paying a bill, QuickBooks automatically:
A)Records and expense (credit) and the obligation to pay later (debit)
B)Records and 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 paying a bill, QuickBooks reduces the liability by debiting it and reduces the checking account by crediting it.

When Paying a Bill, QuickBooks Automatically