Question: 14.7 LO1 When using Xero, which accounting process is automatically performed when a sales invoice is approved? (a) Posting the transaction to the ledger accounts.

14.7 LO1 When using Xero, which accounting process is automatically performed when a sales invoice is ‘approved’?

(a) Posting the transaction to the ledger accounts.

(b) Updating the bank reconciliation.

(c) Preparing the profit and loss statement.

(d) Recording the payment on the invoice.

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