Which account should you use to record an expense purchased with a Visa Debit Card?

Using a Checking/Current Account to record an expense purchased with a Visa Debit Card is appropriate because a debit card directly withdraws funds from the checking account at the time of the transaction. When you make a purchase using your debit card, the amount is deducted from your available balance in the checking account, which accurately reflects the immediate outflow of cash.

This method provides a clear and precise record of cash flow within your accounting system, ensuring that expenses are accurately accounted for and that the balance in your checking account remains up-to-date. This is vital for maintaining financial accuracy and ensuring all transactions are reflected in QuickBooks Online properly.

In terms of other options, recording the transaction in a Credit Card Account would misrepresent the nature of the payment since you're not incurring debt; an Accounts Payable entry is used for amounts owed to vendors that will be paid later, and an Expense Account primarily categorizes the type of expense rather than tracking the cash flow associated with it. Therefore, using the Checking/Current Account accurately captures the additional layer of the transaction's financial impact.