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

Question

Quizplus · Accepted Answer

Entering sales receipts is a Money In activity as it involves recording money coming into the business. Bills, depreciation expenses, and LIFO to FIFO adjustments are all Money Out activities as they involve recording money leaving the business.

Which of the Following Activities Is Handled in the Money