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26. What is the name of the item that is automatically added to the Item List when Finance Charge preferences have been set up? a.

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26. What is the name of the item that is automatically added to the Item List when Finance Charge preferences have been set up? a. Interest b. Charges c. Cust Chg d. Fin Chg 27. The default due date assigned for bills is: a. The end of the month b. 30 days after receipt c. Immediately d. 10 days after receipt 28. Which type of account would normally be linked to items used to record merchandise purchased? a. Liability b. Asset c. Revenue d. Expense 29. By default, what are the items on the Item list sorted by? a. Catalog number b. Rate c. Name d. Unit of measure 30. Which item type should you choose for items such as finance charges or delivery and setup fees? a. Service b. Additional Fee c. Non-Inventory Part d. Other Charge 31. Employer payroll contributions are entered into which type of account? a. Asset b. Expense c. Revenue d. Retained Earnings

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