1- to include sales tx on sales form, you must set up the tax as an item. True of false

2- when you receive funds for git certificate, you hold them in an other current Liability account . True of false ?

3- an income summary account is used to enter all income transaction. true of false?

4- You can enter petty cash expenditures just as you enter checks. True / False?

5-Where can you enter class information for transactions? True / False?

6- Where do you enter shipping charges for items received? True / False?

7- you can enter petty cash expenditures just as you enter check . True / False?

8- Analyzing the Balance Sheet will allow you to calculate the gross margin percentage. True / False?

9- To process an electronic customer payment, you should set up a new entry in the Payment Method List. True / False?