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QuickBooks MCQs

Which of the following is the best way to Offset accounts receivable against accounts payable with customers who are vendors?

Create a vendor credit memo to offset the receivable

Create a bank account to Clear the payable and receivable

Create an Other Current Asset account called 'Clearing Account'

None of the Above

Answer

Correct Answer: Create an Other Current Asset account called 'Clearing Account'

Explanation:

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