What is the difference between a bank feed transaction and a manually entered transaction in QuickBooks Online?Select an answer:A bank feed transaction is a fixed asset, while a manually entered transaction is a current asset.A bank feed transaction is imported automatically from your bank or credit card company, while a manually entered transaction is entered manually by the user.A bank feed transaction is a liability, while a manually entered transaction is an asset.A bank feed transaction is an expense, while a manually entered transaction is income.

In QuickBooks Online, a bank feed transaction refers to the financial transactions that are imported…

Answered: What is the difference between a bank…

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What is the difference between a bank feed transaction and a manually entered transaction in QuickBooks Online?

Select an answer:

A bank feed transaction is a fixed asset, while a manually entered transaction is a current asset.
A bank feed transaction is imported automatically from your bank or credit card company, while a manually entered transaction is entered manually by the user.
A bank feed transaction is a liability, while a manually entered transaction is an asset.
A bank feed transaction is an expense, while a manually entered transaction is income.

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