Hello. I need help with some questions please. please give me all the right answers please don`t give me wrong answers. And also please write clean and step by step. Thank you.

1) In QBO, What`s the difference between the vendor transaction Bill and Expense?

A) Expense records a vendor refund received, which reduces what a company owes the vendor. Bill records services received that will be paid for later, creating an account payable.

B)Expense records services received that will be paid for later, thus creating an account payable. Bill records expenses paid for using cash, check, or credit card at the time a product or service is received.

C)Expense records expenses paid for using cash, check, or credit card at the time the product or service is received. Bill tracks products ordered from vendors that will be billed when received.

D)Expense records expenses paid for using cash, check, or credit card at the time a company receives the product or service. Bill records services received that will be paid for later, creating an account payable.

4) Customers can pay their outstanding balances in all of the following ways except

A)Online

B)a credit card

C)A customer check

D)bartering

5) Which of the following is not true regarding accounts receivable?

A)It`s important to track accounts receivable to determine if accounts are collected in a timely manner.

B)Because of a company`s prescreening activities, it`s generally not that important to track the receivable after the credit sale.

C)The risk is that a customer may break the promise to pay, resulting in a bad debt or uncollectible account.

D)Accounts receivable arise from credit sale in which a business debits accounts receivable and credit sales

10) What determines whether a company can pay it`s bills on time?

A)Adequate cash flow

B)Talent of it`s sales force

C)Ability to reduce expenses easily

D)High employee morale.

11) Money Out can be recorded using the Expense or Check Onscreen Form. Which situation should not use the Expense or Check Onscreen Form to record Money Out?

A)Legal bills

B)Office supplies purchased

C) Paychecks to employees for wages and salaries

D)Rent expense