When paying 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 paying a bill, QuickBooks reduces the liability by debiting it and reduces the checking account by crediting it.

When Paying a Bill,QuickBooks Automatically