Which statement is TRUE about recording a transaction as a transfer?

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It can be used to split a transaction across multiple accounts

You can use a transfer to move money from a business account to a personal account

You can use a transfer to pay bills directly

It can be used to move money between different accounts in your client's chart of accounts

Which of the following statements regarding bank rules is FALSE?

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Bank rules can automatically split transactions

Bank rules can only be set up by an accountant user in QuickBooks

Bank rules can be copied, edited, or deleted

Bank rules can automatically post transactions to the appropriate account

Bank rules can be prioritized