Question

When a bill is paid in QuickBooks using the Pay Bills window, QuickBooks: Multiple Choice Increases the Accounts Payable account and increases the Checking account Increases an Expense account and increases the Accounts Payable account Decreases an Expense account and decreases the Checking account Decreases the Accounts Payable account and decreases the Checking account

Answer 1

You would decrease the accounts payable (paying the bill relieves part of the balance in this account) and decreases the cash account (when you pay the bill, you use or reduce the cash)

Step-by-step explanation:

see my answer for explanation

Answer 2

Decreases the Accounts Payable account and decreases the Checking account

Step-by-step explanation:

In the case when the bill is paid in quick books by using the window of pay bills so the liabilities would be reduced also the liquid asset would be decreased

Since the liabilities is reduced i.e. account payable so automatically the checking account would also be reduced

hence, the last option is correct

The same is to be considered