21. The Products and Services List b. contains one file for non-inventory part items. c. can be used to add or edit but not delete an item. d. contains a file for each type of service or inventory item sold. 22. In the Product/Service information window, the field lists the default ledger posting account for the cost of goods sold when the item is sold. \begin{tabular}{|c|l|} \hline a. & Cost \\ \hline b. & Inventory asset account \\ \hline c. & Income account \\ \hline d. & Expense account \\ \hline \end{tabular} 23. In the Bill window, b. there are three details sections. c. the Item details section provides for additional fields that relate to inventory. d. you record sales of inventory items. 25. Managing cash for a company does not involve a. maintaining cash in one or more bank accounts. b. utilizing credit cards for personal purchases. c. reconciling account balances. d. transferring funds among the bank accounts. 26. The cash account commonly known as the operating account is a. used for paying bills and collecting and depositing receivables and other funds. b. used for payroll transactions. c. used for investments. d. the only cash account most companies use