What is NOT true regarding the Products and Services List?
A) It can be updated either Before entering transactions or While entering transactions.
B) It collects information about the products or services purchased from vendors.
C) It links the product item to the accounts in the Chart of Accounts,therefore,when the item is selected in the QBO form,then the linked accounts are automatically updated as well.
D) It collects information about the products purchased from vendors and sold to customers.
Correct Answer:
Verified
Q3: What is not TRUE regarding the QBO
Q4: If Undeposited Funds was selected during Receive
Q5: A customer may pay using the following
Q6: What is the process in QBO used
Q7: What is NOT true regarding an invoice
Q9: Why does an internal control system use
Q10: Inventory is:
A)Items used to make a product
Q11: In QBO,what is a Bundle?
A)A collection of
Q12: In QBO,when customers pay bills via Credit
Q13: What best describes internal controls?
A)A set of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents