Tasia is using accrual accounting in Quickbooks and created a customer invoice. What account is debited when the invoice is created?

In accrual accounting, when an invoice is created, it represents revenue that Tasia will collect in the future, even if payment has not yet been received. In this case, the account that is debited when the invoice is created is typically the Accounts Receivable account.

Explanation:

1. Revenue Recognition: Under accrual accounting, revenue is recognized when it is earned, not necessarily when cash is received. Therefore, when an invoice is issued to a customer, it indicates that the service or goods have been delivered, and the revenue is recognized at that moment.

2. Accounts Receivable: This is an asset account; it reflects money owed to Tasia by her customers. When she creates an invoice, the amount of the invoice is recorded as an increase in Accounts Receivable (debited) because she expects to collect that amount in the future.

3. Revenue Account: Simultaneously, the corresponding credit would typically be made to a Revenue account to reflect the income earned by providing the goods or services.

In summary, when Tasia creates a customer invoice in QuickBooks using accrual accounting, she debits the Accounts Receivable account to show that she is owed money.