Question: QuickBooks Online Certification Level 1 : Banking exam Question Which of the following statements about recording a transaction as a credit card payment via the
QuickBooks Online Certification Level : Banking exam
Question
Which of the following statements about recording a transaction as a credit card payment via the bank feed is FALSE?
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The balance of the credit card liability account is reduced
Funds in the bank account are decreased
It helps to ensure payments are made on time
It helps to ensure that payments to credit card accounts are categorized correctly
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