Which of the following activities is handled in the Money Out section of QuickBooks?
A)entering sales receipts
B)entering bills
C)entering depreciation expense
D)LIFO to FIFO adjustments in the financial statements

Question

Quizplus · Accepted Answer

Entering bills pertains to expenses that need to be paid, which is the primary activity under Money Out section of QuickBooks. Entering sales receipts pertains to revenue collection and belongs to the Money In section. Entering depreciation expenses and LIFO to FIFO adjustments are accounting entries but do not belong to the Money Out section.

Which of the Following Activities Is Handled in the Money