Question

Which 4 statements are true about the Chart of Accounts, how to make changes to the Chart of Accounts, and how products and services are linked to the Chart of Accounts? (Select all that apply) To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window The Sales of Product Income account is a default account when inventory is turned on Uncategorized Income and Uncategorized Expense are default accounts for online banking activity If you add a new account, the detail type determines on which financial statement this account will show When we set up Products and Services, they are linked to the Chart of Accounts by specifying a sales price/rate Delete an account from the Chart of Accounts if it is not relevant to your business

Answer 1

Answer:

The answer is "Option A, C, D, E, and F".

Explanation:

Follws are the true points:

• Click on Connect Account and click Fresh to open the Profile window to open the accounts table and enable or add a new account.
• The default account for online banking is uncategorized revenue and uncategorized expenditures.
• Once you add a new account, its type of information determines its financial statements your account must display.
• If we build goods and services, the purchase price is related to the bank table.
• If this is not necessary for your company, delete an account from the account list.