Billable (reimbursable) expenses are those your business incurs that you charge back to the customer (with or without a markup). True False Question 2 (2 points) Saved What tabs does banking center has (select the most appropriate option) Banking Rules Receipts All of the above Receipts and bills are collected in one of two ways: - Uploaded from a computer - Forwarded from email True False Question 4 ( 2 points) Saved An expense recorded at the time of purchase is posted in QuickBooks Online in one of two ways (expense transaction or bill transaction) True False The Physical Inventory Worksheet helps you compare what you have in stock with what QuickBooks shows as your quantity on hand True False Question 6(2 points) Saved The Inventory Valuation Summary and Detail report provides information on the movement of inventory True False Selling an inventory item is like selling a service; all sales forms must have a product or service, and don't use categories. True False Question 8 ( 2 points) The Cost of Goods Sold (COGS) account decrease whenever an inventory item is sold. True False Unlike QBDt; QBO uses the first in, first out (FIFO) inventory cost method True False Question 10 ( 2 points) The difference between the revenue and the direct cost is profit True False