No answer Question 12 Which 4 statements concerning the chart of accounts are true? (Select all that apply) To add a new account, open the Chart of Accounts by selecting Accounting from the left navigation bar, then selecting Now to open the Account window. The Product Revenue Sales account is a standard account when inventory is enabled. and Uncategorized Expenses are default accounts for online banking if you add a new account, the detail type determines which financial statement that account will appear on. Chart of Accounts You must deactivate a Chart of Accounts account if it is not relevant to your business Previous Next
Answer 1
The correct 4 points for the chart of accounts are
1, 3, 4 and 5
Because the 2nd point talks about the sale of the income of the product
accounts, which is not linked to the chart of accounts and point 6
says we should keep the unwanted account inactive if the
unrelated to the company, must therefore be closed
not idle
So since these two are wrong, the other four are correct.
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