1. Which of the following statements is true of vendor credits in QuickBooks Online? (select all that apply)

   		Vendor credits cannot be applied to a bill that has already been received
   		Vendor credits post as a debit to decrease accounts payable
   		Vendor credits post as a debit to increase accounts payable
   		A vendor credit can be linked to a cash refund, when the cash is deposited

10 points

QUESTION 2

1. Before a client sets up a recurring monthly charge for a credit card or ACH, Visa and Mastercard, what do you or your client need to do to make the process compliant?

   		Get the customer to sign an authorization form
   		Take a photo of the customers payment card
   		Get authorization from the customers bank

10 points

QUESTION 3

1. What defines a transfer?

   		Moving money from a checking account to a vendor
   		Moving money from one balance sheet account to another balance sheet account
   		Moving money from an income account to a bank account