Question 1

Which 3 statements regarding subaccounts are true? Subaccounts provide more detail on accounts in reports in a simple and straightforward way

1. You can collapse or expand each group of accounts on reports, depending on the arrow direction next to the group

2. Subaccounts do not count towards the account limits in QuickBooks Online Simple Start, Essentials, and Plus

3. Subaccounts are automatically created for each subcontractor

4. You can create an unlimited number of levels of subaccounts

5. Subaccount balances appear indented under the parent account on reports