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1. What are the accounting debits and credits when transactions are processed using Bill Payments in QuickBooks?
2. What are the accounting debits and credits when transactions are processed using Checks in QuickBooks?
Note:
The Pay Bills is used to pay outstanding bills usually from vendors that you have already entered into QuickBooks. The Checks in QuickBooks is used to write a check on an expense that you have not entered as a bill in QuickBooks, or also to record a cash transaction.
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