Question: Identify two distinctions between recording a Cheque transaction vs , an Expense transaction. Expenses recorded with Payment method Cheque cannot be printed Cheque should always

Identify two distinctions between recording a "Cheque" transaction
vs, an "Expense transaction.
Expenses recorded with Payment method "Cheque" cannot be printed
Cheque should always be used when paying a bill
Expense is used to issue payroll
Payment method is limited to bank accounts when using "Cheque"
There is no difference
 Identify two distinctions between recording a "Cheque" transaction vs, an "Expense

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!