Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 Why would the income line on the Profit and Loss report in QBO disagree with the total in the Sales by Customer report?

Question 8
Why would the income line on the Profit and Loss report in QBO
disagree with the total in the Sales by Customer report?
Because a closing date was set and a subsequent invoice was recorded
Because there is a customer in QBO that is also a supplier and those types of
transactions will not appear on the P&L
Because there are bad debts on the Sales by Customer report, and bad
debts shouldn't appear on the income line of the P&L
Because the Sales by Customer report does not include credit notes
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions