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Quickbooks question When you sell an item, how does it affect the profit and loss report? a)Items do not affect the Financial Statements b) When

Quickbooks question

When you sell an item, how does it affect the profit and loss report?

a)Items do not affect the Financial Statements

b) When you set up a non-inventory item, Quickbooks assigns the current on hand quanity to the profit & loss.

c) The value of the sale flows to the income account you selected when you set up the item.

D) When you set up an item, you select balance sheet or profit and loss from the assign to drop-down list.

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