Flashcards
Chapter 6 QBO
Cards in this deck (8)
- 1expensetype of vendor transaction; expense form can be used to record expenses that we pay for at the time we receive the product or service; can pay using cash, credit card or check
- 2checktype of vendor transaction; check form is used when we write a check
- 3billtype of vendor transaction; bill form is used to record a bill received and our obligation to pay the vendor later
- 4pay billstype of vendor transaction; used to select bills we want to pay
- 5purchase ordertype of vendor transaction; used to track products ordered from vendors
- 6vendor credittype of vendor transaction; used when a vendor gives us a refund or reduction in the amount we owe the vendor to our bill
- 7credit card credittype of vendor transaction; credit card credit form is used to record a credit, or reduction in charges by the vendor to our credit card
- 8accounts payableamounts that our business is obligated to pay in the future