Final answer:
In QuickBooks (QB), when you enter information into forms, it does handle debits and credits automatically, reducing the chances of errors in recording transactions.
Step-by-step explanation:
QB, or QuickBooks, is a popular accounting software used by businesses for managing financial transactions. When you enter information into forms in QB, it does handle debits and credits automatically.
In accounting, debits and credits are used to record transactions. Debits increase asset and expense accounts, while credits increase liability, equity, and revenue accounts. QB follows these principles and automatically applies the relevant debits and credits based on the information provided.
For example, if you enter an expense in QB, it will automatically debit the expense account and credit a corresponding liability or cash account, depending on the payment method used. By having QB handle this automatic allocation, it reduces the chances of manual errors in recording transactions.