there are two units of an inventory intem in stock. the selling price is $400 and the value is $400. what is the individual cost of the item

a) $400

b) $300

c) $200

d) $100

which of the following statements about inventory items is not correct

a) you will be unable to change the opening value after you finish entering the history

b) linked inventory accounts are not required in order to finish entering the history

c) you will be able to change the value and quantity after you finish entering the history

d) you will be unable to change the quantity on hand after you finish entering the history

the Banking module window includes journal icons for

a) sales, receipts and payments

b) receipts, payments and general journal transactions

c) transactions thats involve bank accounts

d) purchases, receipts and payments

you should deposit reference no. when a single bank statement entry

a) shows that several cheques were deposited at the same time

b) show that more than one signature is needed to authorize bank transactions

c) shows that several cheques were withdrawn or cashed on the same day

d) shows the net effect of cheques and deposits for the same day